Stephens raised the firm’s price target on Fifth Third to $39 from $31 and keeps an Overweight rating on the shares. The firm’s updated model incorporate management commentary from an industry event earlier this month, the FDIC’s special assessment charge, and adjustments to unrealized losses to reflect the significant quarter-to-date decline in yields, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on FITB:
- Fifth Third price target raised by $4 at BofA, here’s why
- Fifth Third price target raised by $5 at Wells Fargo, here’s why
- Fifth Third price target raised by $5 at RBC Capital, here’s why
- Fifth Third price target raised by $2 at Piper Sandler, here’s why
- Insiders Pour $1 Million Each Into These 2 Stocks — Here’s Why You Might Want to Follow Their Footsteps
