Piper Sandler analyst R. Scott Siefers lowered the firm’s price target on Citizens Financial to $47 from $51 and keeps an Overweight rating on the shares. It has been a "wild week for bank stocks" as many of the largest institutions provided mid-quarter updates reinforcing the high degree of uncertainty in the environment, the analyst tells investors in a research note. The analyst says deposit issues remain "front-and-center," keeping net interest income durability questions up front.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CFG:
- Citizens Financial announces $1.15B increase to share repurchase program
- Citizens Financial price target raised to $51 from $47 at Piper Sandler
- Citizens Bank raises prime lending rate to 7.75% from 7.5%
- MasterCard, Citizens Financial announces exclusive payments partnership
- Citizens Financial reports Q4 underlying EPS $1.32, consensus $1.31