Fifth Third price target raised to $43 from $40 at Piper Sandler

Piper Sandler analyst R. Scott Siefers raised the firm’s price target on Fifth Third to $43 from $40 and keeps an Overweight rating on the shares. The Midwest bank group has done well since earnings as investors gear toward the "soft landing" thesis, but there is still a lot of uncertainty, and the likely direction of most trends is worse, the analyst tells investors in a research note.