Citizens Financial price target lowered to $35 from $38 at Wedbush

Wedbush analyst David Chiaverini lowered the firm’s price target on Citizens Financial to $35 from $38 and keeps a Neutral rating on the shares. The firm notes Citizens reported a good quarter and broadly maintained its prior guidance for FY24 with better-than-expected net interest margin performance offsetting weaker than expected loan results, even as it lowered its rate cut expectation to two cuts from five.