BofA lowered the firm’s price target on Fifth Third (FITB) to $58 from $60 and keeps a Buy rating on the shares. The firm reduced price targets among its regional banks by 3% on average to reflect lower multiples on increased EPS uncertainty and a rising cost of equity.
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Read More on FITB:
- Fifth Third price target raised to $53 from $50.50 at JPMorgan
- Fifth Third reinstated with a Buy at Goldman Sachs
- Fifth Third price target lowered to $51 from $57 at Evercore ISI
- Fifth Third price target lowered to $60 from $67 at Morgan Stanley
- Fifth Third price target lowered to $54 from $57 at Piper Sandler