Piper Sandler lowered the firm’s price target on Fifth Third (FITB) to $54 from $57 and keeps an Overweight rating on the shares. The firm is fine-tuning its EPS estimates “to push out a touch” its expectation for when Fifth Third resumes share repurchase post-Comerica (CMA). Previously, Piper had assumed that Fifth Third would recommence in Q3 2026. However, given the likelihood of merger-related charges over the next few quarters and its sense that capital levels remain a priority, the firm has pushed out its assumption to Q4 2026.
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