Market Overview

UPDATE: Sterne Agee Upgrades Fulton Financial to Buy, Reiterates $11.50 PT

Related FULT
Earnings Scheduled For July 18, 2017
Earnings Scheduled For April 18, 2017

In a report published Monday, Sterne Agee Group upgraded its rating on Fulton Financial Group (NASDAQ: FULT) to Buy and reiterated its $11.50 price target.

Sterne Agee noted, “We increase our recommendation on Fulton to Buy from Neutral and establish an $11.50 price target. In our view, the shares are attractively valued at 11.7x our revised 2013 estimate and 1.35x tangible book value. Street expectations are low in our view following a disappointing 2Q earnings release. Over the coming weeks and through Q3 earnings reporting season, we expect management will provide more clarity on expenses and could suggest a slightly more rosy outlook on loan growth.”

Fulton Financial Corp. closed on Friday at $10.06.

Latest Ratings for FULT

Jul 2017Stephens & Co.Initiates Coverage OnEqual-Weight
Dec 2016BarclaysDowngradesEqual-WeightUnderweight
Nov 2016Hovde GroupDowngradesOutperformMarket Perform

View More Analyst Ratings for FULT
View the Latest Analyst Ratings

Posted-In: Sterne Agee GroupAnalyst Color Upgrades Analyst Ratings


Related Articles (FULT)

View Comments and Join the Discussion!

Partner Center