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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CFG:
- 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
- Citizens Financial price target lowered to $45 from $49 at Keefe Bruyette
- Citizens Financial price target lowered to $49 from $52 at Barclays
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue