Citizens Financial price target raised to $42 from $40 at Stephens

Stephens raised the firm’s price target on Citizens Financial to $42 from $40 and keeps an Overweight rating on the shares after Citizens reported core EPS ahead of consensus and operating PPNR beat by about 2% due to positive fee income trends. There are “several company-specific revenue growth engines under Citizens’ hood” beyond the net interest income benefits from the run-off of swaps, including the build-out of the Private Bank and Metro NYC and a return of more normal capital markets activity, the analyst tells investors.