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Equities researchers at Barclays increased their price target on shares of First Niagara Financial Group (NASDAQ:FNFG) from $10.00 to $12.00 in a research report issued on Tuesday. The firm currently has an “overweight” rating on the stock. Barclays’ target price would suggest a potential upside of 39.05% from the company’s current price.

Shares of First Niagara Financial Group (NASDAQ:FNFG) remained flat at $8.63 during during mid-day trading trading on Tuesday. 3,762,688 shares of the company’s stock traded hands. First Niagara Financial Group has a 1-year low of $8.19 and a 1-year high of $11.34. The stock’s 50-day moving average is $8.91 and its 200-day moving average is $9.65. The company has a market cap of $3.020 billion and a price-to-earnings ratio of 11.82.

First Niagara Financial Group (NASDAQ:FNFG) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.15 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $0.02. The company had revenue of $347.47 million for the quarter, compared to the consensus estimate of $363.18 million. During the same quarter last year, the company posted $0.17 earnings per share. First Niagara Financial Group’s revenue was down 2.2% compared to the same quarter last year. Analysts expect that First Niagara Financial Group will post $0.70 EPS for the current fiscal year.

First Niagara Financial Group, Inc provides a range of retail and commercial banking, as well as other financial services through its wholly owned bank subsidiary, First Niagara Bank, N.

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