RBC Capital lowered the firm’s price target on Citizens Financial (CFG) to $44 from $50 and keeps an Outperform rating on the shares after its Q1 results topped the firm’s estimates. The company’s performance was primarily driven by higher-than-expected net interest income and a lower provision for credit losses, offset in part by lower noninterest income, the analyst tells investors in a research note.
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Read More on CFG:
- Citizens Financial price target lowered to $48 from $58 at Raymond James
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