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FirstSun Soars on Analyst Upgrade | Business and Finance News
Description
FirstSun Capital Bancorp’s stock surged over 2% after Raymond James upgraded it to “Strong Buy,” raising its price target based on the bank’s strong earnings potential post-acquisition—projecting EPS above $5 by 2027. This rare move signals growing market confidence, even as broader inflation concerns and loan risks weigh on the banking sector. Despite the noise, FirstSun is up nearly 6% year-to-date; a $1,000 investment since its August 2022 IPO would now be worth over $1,600.
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