BofA analyst Ebrahim Poonawala raised the firm’s price target on Citizens Financial to $37 from $35 and keeps a Neutral rating on the shares after the company reported core EPS of 85c, in-line with the firm’s forecast and above the consensus forecast of 80c. The stock reacted positively to management’s update, which was likely influenced by short covering, and while the valuation is “undemanding,” this reflects Citizens’ “challenged ROTCE,” the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CFG:
- Citizens Financial reports Q4 underlying EPS 85c, consensus 71c
- Notable companies reporting before tomorrow’s open
- Options Volatility and Implied Earnings Moves This Week, January 16 – January 19, 2024
- CFG Upcoming Earnings Report: What to Expect?
- Citizens Financial price target raised to $36 from $33 at Deutsche Bank