The Fly

Citizens Financial price target raised to $38 from $33 at Wolfe Research

Wolfe Research analyst Bill Carcache raised the firm’s price target on Citizens Financial to $38 from $33 and keeps an Outperform rating on the shares. The analyst sees "meaningful opportunities" for generating alpha through stock selection across mid-cap banks and consumer finance. Carcache sees value in pairing bank names with higher earning asset betas better earning asset repricing profiles, lower deposit betas, greater liquidity, and more excess capital against those at the other end of the spectrum. However, it is "too early to turn bullish" on card issuers, says Carcache, who expects further relative underperformance given their outsized exposure to the low-end consumer.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on CFG:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More