Fifth Third downgraded to Equal Weight from Overweight at Stephens

Stephens downgraded Fifth Third to Equal Weight from Overweight with a $41 price target. Several factors have contributed to Fifth Third shares outperforming peers in recent years, including the fact that since 2014, Fifth Third’s quarterly results have exceeded consensus expectations 74% of the time, the analyst tells investors. However, shares now traded at a “healthy premium” following the successful re-rating of valuation over the last decade and the firm feels that while Fifth Third will maintain its fundamental ranking among peers, Stephens sees less upside in price.