Stephens lowered the firm’s price target on First Commonwealth to $15.50 from $16.50 and keeps an Overweight rating on the shares. First Commonwealth beat on Q4 earnings, but updated guidance calls for a flattish near-term net interest margin outlook and slower loan growth, notes the firm, whose 2024 and 2025 EPS estimates are down 9% and 14%, respectively, following the report and guidance.
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