Equity Analysis /
United States of America

US : F.N.B. Corporation - FNB | Maintain Outperform, Target Price to $13; FY21 Guidance and Commentary Generally Encouraging

    CGS-CIMB
    20 January 2021
    Published byCGS-CIMB

    We are maintaining our Outperform rating, but raising our target price to $13from $9 on FNB shares following 4Q20 results that exceeded consensus expectations, thoughdriven by a lower-than-expected provision expense at $17.6 million versus us and consensus at nearly $30 million (see our First Look