Fulton Financial price target raised to $17.50 from $15.50 at Stephens

Stephens raised the firm’s price target on Fulton Financial (FULT) to $17.50 from $15.50 and keeps an Equal Weight rating on the shares. The firm increased its 2024 and 2025 operating EPS estimates by 8% and 23% to $1.60 and $1.72, respectively, after Fulton acquired Republic First Bancorp (FRBK) in an FDIC-assisted deal. Following the deal, the firm is “incrementally positive” on Fulton, but would wait for a more attractive entry point, the analyst tells investors.