Raymond James analyst David Long downgraded Citizens Financial (CFG) to Outperform from Strong Buy with a price target of $66, up from $62. Citizens has materially outperformed in 2025, leading peers and the broader market, suggesting the “easy money” has been made, the analyst tells investors in a research note. While long-term fundamentals remain strong, near-term risk stems from potential higher expense expectations as management provides more detail on the “Reimagine the Bank” initiative, the firm says.
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