JERUSALEM, Aug 27 (Reuters) - The IBI Investment House on Thursday raised its price target for Hapoalim to 15.6 shekels from 13.6 shekels in the of wake of Israel's second-largest bank's quarterly results.
Analyst Lior Rabinovitz in a client note maintained a "buy" rating for shares of Hapoalim, which closed 1.9 percent lower at 12.85 shekels.
Rabinovitz also raised his target for the First International Bank of Israel (FIBI), Israel's fifth-largest bank, to 64 shekels from 51 shekels following its results. He maintained a "buy" rating.
FIBI's shares rose 2 percent to 52 shekels. ($1 = 3.8 shekels) (Reporting by Steven Scheer; Editing by Rupert Winchester)