Evercore ISI analyst John Pancari upgraded Citizens Financial (CFG) to Outperform from In Line with a price target of $55, up from $48. The firm, which came away from Q2 results “incrementally confident” that Citizens’ loan trends are poised to accelerate, expects favorable net interest margin dynamics, fee income upside, and positive operating leverage to drive steady improvement in Citizens’ earnings trajectory, the analyst tells investors.
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