Piper Jaffray Initiates First Niagara Financial With Neutral

Analysts at Piper Jaffray initiated coverage on First Niagara Financial Group Inc. FNFG with a Neutral rating. The target price for First Niagara Financial is set to $9.50. First Niagara Financial shares have gained 2.26 percent over the past 52 weeks, while the S&P 500 index has surged 7.51 percent in the same period. First Niagara Financial shares rose 0.44 percent to close at $9.04 yesterday.