First Citizens Bancshares Among ‘Biggest Potential Winners’ Of US Elections, Says Bullish Analyst
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First Citizens Bancshares Inc (NASDAQ:FCNCA) shares have climbed more than 50% year to date.
The company is one of the “biggest potential winners” after the U.S. presidential elections, according to Deutsche Bank.
Analyst Bernard von-Gizycki initiated coverage of First Citizens Bancshares with a Buy rating and a price target of $2,600.
The First Citizens Bancshares Thesis: First Citizens has been a “serial acquirer” and is poised to benefit from the pro-growth, pro-business environment as it supports an uptick in bank M&A (mergers and acquisitions), von-Gizycki said in the initiation note.
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