DA Davidson raised the firm’s price target on Citizens Financial (CFG) to $74 from $73 and keeps a Buy rating on the shares. The firm’s outlook calls for strong peer-leading EPS growth of 35% and 23% over the next two years, driven by expansion of the private bank, improving net interest margin as swap-related drag fades, and reduced headwinds from consumer loan runoff, the analyst tells investors in a research note.
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