Fifth Third price target lowered to $42 from $45 at DA Davidson

DA Davidson lowered the firm’s price target on Fifth Third (FITB) to $42 from $45 and keeps a Neutral rating on the shares. The company was more cautious on the economic outlook, though unlike most of its peers, Fifth Third’s updated outlook reflected a weaker and more uncertain economy by lowering fee income guidance, the analyst tells investors in a research note.