Raymond James lowered the firm’s price target on Citizens Financial (CFG) to $48 from $58 and keeps a Strong Buy rating on the shares following quarterly results. The firm says highlights include net interest margin expansion, impressive growth from the private bank, solid credit metrics, and core loan balances trending higher. However, economic uncertainty led Raymond James to more conservative forecasting, resulting in a slight negative revision to its EPS estimates. The firm remains bullish on the shares, as it believes Citizens is well-positioned to produce superior EPS growth due to net interest margin expansion and realization of operating efficiencies.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you 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 $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
- Citizens Financial Group Reports Q1 2025 Earnings
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue