Citizens Financial price target raised to $51 from $44 at RBC Capital

RBC Capital analyst Gerard Cassidy raised the firm’s price target on Citizens Financial (CFG) to $51 from $44 and keeps an Outperform rating on the shares. RBC expects Citizens to drive its profitability to its medium-term return on common tangible common equity target of 16%-18% with higher levels of fee revenues combined with adroit capital management, the analyst tells investors in a research note.