Fifth Third price target raised to $58 from $54 at DA Davidson

DA Davidson analyst Peter Winter raised the firm’s price target on Fifth Third (FITB) to $58 from $54 and keeps a Buy rating on the shares after its Q4 earnings beat. 2026 is going to be a transition year for the combined company; which should lead to nice tailwinds in 2027, the analyst tells investors in a research note. The management also expects to realize the 2027 profitability targets from the combination with Comerica (CMA) in Q4 of FY26 as they were able to close the merger sooner than expected, the firm added.