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First Niagara Financial Group Inc. (FNFG) [hlAlert]

Rating:
Underweight
FNFG
down 12.69 %

First Niagara Financial Group Inc. (FNFG) downgraded to Underweight with price target $9 by Barclays

Posted on: Wednesday,  Apr 9, 2014  12:00 AM ET by Barclays

Barclays rated Underweight First Niagara Financial Group Inc. (NASDAQ: FNFG) on 04/09/2014. Previously Barclays rated Overweight First Niagara Financial Group Inc. (NASDAQ: FNFG)
on 07/09/2013., when the stock price was $10.48. Since then, First Niagara Financial Group Inc. has lost 12.69% as of 04/09/2014's recent price of $9.15.
If you would have followed the previous Barclays's recommendation on FNFG, you would have lost 12.69% of your investment in 274 days.

First Niagara Financial Group, Inc. provides a range of retail and commercial banking, as well as other financial services through its wholly owned savings bank subsidiary, First Niagara Bank (the Bank). First Niagara is a community bank in Upstate New York, providing its retail consumers and business customers with banking services, including residential and commercial real estate loans, commercial business loans and leases, consumer loans, wealth management products, as well as retail and commercial deposit products. It also employee benefit consulting services through a wholly-owned subsidiary of the Company. On February 15, 2008, the Company acquired Great Lakes Bancorp, Inc., the parent company of Greater Buffalo Savings Bank.

Barclays
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/9/2014 12:00 AM Sell
None
9.15 9.00
as of 10/17/2014
1 Week down  -0.98 %
1 Month up  7.87 %
3 Months up  4.54 %
1 YTD down  -3.35 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/9/2013 1:25 PM Buy
None
10.48 12.00
10/9/2012 1:25 PM Buy
None
8.31

(*) Stock Price at the time of the recommendation.
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