Truist analyst Brian Foran lowered the firm’s price target on Citizens Financial (CFG) to $51 from $54 and keeps a Hold rating on the shares as part of a broader research note Credit Card and Bank names. The firm is updating its models by taking into account recent conference updates, monthly credit data, and changes in cost of equity across the market, the analyst tells investors in a research note. Citizens’ reduced price target reflects more closely the company’s latest guidance and updated yield curve, Truist adds.
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