Truist analyst Brian Foran lowered the firm’s price target on Fifth Third (FITB) to $53 from $60 and keeps a Buy rating on the shares as part of a broader research note on Regional Banks. The firm is updating its models following conference updates while also citing the company’s weaker Q1 guidance, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FITB:
- Fifth Third Highlights Growth Strategy at RBC Financial Conference
- Fifth Third price target raised to $67 from $60 at Morgan Stanley
- Fifth Third Ties Executive Pay to Comerica Merger Integration
- Fifth Third Highlights Strategy at BofA Financial Conference
- Fifth Third price target raised to $57 from $52 at Evercore ISI