Morgan Stanley raised the firm’s price target on Citizens Financial (CFG) to $73 from $71 and keeps an Overweight rating on the shares. Following earnings, the firm is raising EPS estimates 2%-3% on higher net interest margin and fee estimates, adding that it has “more conviction” that Citizens can get to the lower end of its 16-18% ROTCE target in the second half of 2027.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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 raised to $78 from $70 at BofA
- Citizens Financial price target raised to $70 from $68 at Keefe Bruyette
- Citizens Financial Group Signals Strong Earnings Momentum
- Citizens Financial price target raised to $80 from $70 at Jefferies
- Midday Fly By: Netflix reports Q4 beat, Smithfield to acquire Nathan’s