Citizens Financial price target raised to $57 from $48 at Raymond James

Raymond James raised the firm’s price target on Citizens Financial (CFG) to $57 from $48 and keeps a Strong Buy rating on the shares. Citizens Financial’s “solid’ Q2 was highlighted by higher revenue, strong loan and assets under management growth from the private bank, and favorable credit metrics, the analyst tells investors in a research note. Citizens is well-positioned to produce superior EPS growth driven by net interest margin expansion and operating efficiencies, the firm says.