Morgan Stanley analyst Manan Gosalia upgraded Citizens Financial (CFG) to Overweight from Equal Weight with a price target of $71, up from $53. The firm says Citizens is one of the “best profitability improvement stories” in the sector. The stock is also trading at a discount tp peers, with several positive catalysts coming over the next 12 months, the analyst tells investors in a research note. Morgan Stanley sees the bank’s return on tangible common equity improving from 11% in Q2 to 15% in 2027, closing the gap versus peers, and nearing its 16-18% target.
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