Wells Fargo raised the firm’s price target on Fifth Third (FITB) to $52 from $48 and keeps an Overweight rating on the shares. The firm cites superior branch expansion in new and existing markets. Fifth Third is a high-quality, steady-growing, best-in-class bank for its size that has set itself apart with its ability to invest for growth, Wells adds.
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Read More on FITB:
- Fifth Third upgraded to Buy from Neutral at DA Davidson
- Positive Outlook for Fifth Third Bancorp Driven by Strategic Initiatives and Resilient Revenue Sources
- Fifth Third initiated with a Buy at Jefferies
- Fifth Third Bancorp: Strategic Growth and Financial Stability Drive Buy Rating
- Fifth Third initiated with a Buy at TD Cowen
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