Goldman Sachs raised the firm’s price target on Citizens Financial to $41 from $40 and keeps a Buy rating on the shares after its Q4 earnings beat. The company’s Q4 results were relatively in-line as slightly lower pre-provision net revenue was offset by lower credit costs as provisions matched net charge-offs given a smaller loan portfolio, the analyst tells investors in a research note. The company is calling for net interest income to bottom in Q2 and once that happens, it should have significant tailwinds to grow, the firm added.
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