DA Davidson analyst Peter Winter raised the firm’s price target on Fifth Third to $37 from $36 and keeps a Neutral rating on the shares. The company is “firing on all cylinders” amid a very tough banking environment and expects to generate positive operating leverage in the second half of the year as it is well-positioned for lower rates and expects net interest income to trough in Q1 of 2024, the analyst tells investors in a research note.
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