Piper Sandler downgraded Citizens Financial to Neutral from Overweight with a price target of $26, down from $29. The analyst still believes “strongly” in the bank’s model, management team, and long-term prospects. However, with “myriad moving parts,” the potential to outperform seems further out than Piper would like, the analyst tells investors in a research note. The firm says Citizens Financial is “very much a story in transition.”
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 CFG:
- Citizens Financial upgraded to Peer Perform from Underperform at Wolfe Research
- Citizens Financial price target lowered to $33 from $34 at UBS
- Citizens Financial price target lowered to $38 from $40 at Barclays
- Citizens Financial reports Q3 underlying EPS 89c, consensus 91c
- Notable companies reporting before tomorrow’s open
Questions or Comments about the article? Write to editor@tipranks.com