Wedbush analyst David Chiaverini raised the firm’s price target on Fifth Third to $33 from $32 and keeps an Outperform rating on the shares. Fifth Third reported a solid quarter with results mostly in-line with the firm’s expectations, and while credit metrics are healthy, NCOs were guided to increase to 35-45 bps in Q3, before coming back down to a range of 25-35 bps in Q4, the analyst tells investors in a research note.
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