RBC Capital raised the firm’s price target on Fifth Third (FITB) to $46 from $42 and keeps an Outperform rating on the shares. The outlook for Fifth Third is positive, and the bank is turning into a good steward of capital, the analyst tells investors in a research note. Fifth Third is laser focused on creating density in its regional bank footprint, which should drive its long-term profitability, RBC says.
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