Keefe, Bruyette & Woods Raise FNB PT To $11 (FNB)

Keefe, Bruyette & Woods raised its F.N.B. FNB price target to $11 from $10.50 in a research report published today. In the report, Keefe, Bruyette & Woods states, "Operating results for FNB were $0.02 ahead of the Street and in-line with our estimates as higher expenses were offset by a lower provision and stronger fee income. The outlook for 2011 remains stable leading us to maintain our estimates, but underlying trends lead us to raise '12 and '13. Additionally, we raise our price target to $11, however maintain our MP rating." Shares of F.N.B. were trading at $10.23 at the time of posting, down 0.10% from Tuesday's market close.