BUZZ-Raymond James upgrades <a href="https://laohu8.com/S/FIZN">First Citizens Bancshares</a> to "strong buy", raises PT** Raymond James upgrades First Citizens Bancshares FCNCA.O to "strong buy" from "outperform"; raises PT to $2,200 from $2,100
** Brokerage says the stock is undervalued and that negative sentiment around the bank is overdone
** "We believe investor sentiment is poised to shift positive, and with the shares trading at a material discount to its peers, a unique buying opportunity has presented itself," - Raymond James
** Brokerage also notes the bank is growing its loans and deposits faster, which can drive earnings
** 9 of 14 brokerages rates the stock "buy" or higher and 5 "hold"; their median PT is $2,190 - data compiled by LSEG
** As of last close, stock down ~13.4% YTD
(Reporting by Anuj T in Bengaluru)
((anuj.t@thomsonreuters.com))
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