Fifth Third price target raised to $52 from $48 at Wells Fargo

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.