Citizens Financial price target lowered to $45 from $52 at Argus

Argus analyst Kevin Heal lowered the firm’s price target on Citizens Financial (CFG) to $45 from $52 and keeps a Buy rating on the shares after its Q1 earnings miss. Regional bank shares have recently faced pressure due to potential policy decisions from the Administration, though on the Q1 earnings call, Citizens management noted that it saw a common equity tier 1 capital ratio of 10.6% and relatively stable deposits from Q4, the analyst tells investors in a research note.