Piper Sandler raised the firm’s price target on Fifth Third (FITB) to $50 from $48 and keeps an Overweight rating on the shares after the company filed the presentation it plans to use at an industry conference. As for Q4 guidance, management took down the fee guidance a bit but also improved expense expectations. No specifics on the rationale, though the firm’s best guess is some capital markets transaction closings slipping into the Q1.
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