Truist lowered the firm’s price target on Citizens Financial (CFG) to $43 from $51 and keeps a Hold rating on the shares after its Q1 earnings miss. The firm also cites an uncertain core loan growth outlook, macro-driven softer capital markets outlook, and the bank’s recent history of missing net interest margin targets, the analyst tells investors in a research note.
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Read More on CFG:
- Citizens Financial price target lowered to $49 from $53 at DA Davidson
- Citizens Financial price target lowered to $44 from $50 at RBC Capital
- Citizens Financial price target lowered to $48 from $58 at Raymond James
- Citizens Financial price target lowered to $43 from $48 at Piper Sandler
- Citizens Financial: Hold Rating Amid Macroeconomic Uncertainties and Neutral Risk/Reward Scenario
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