Citi analyst Keith Horowitz raised the firm’s price target on Citizens Financial (CFG) to $58 from $50 and keeps a Buy rating on the shares. The firm says Citizens is its favorite regional bank play. With headwinds from forward swaps peaking in Q3, fixed rate asset repricing tailwinds through the end of 2026 will drive “very strong” earnings and adjusted book value growth, the analyst tells investors in a research note. However, the stock continues to trade at significant discount, likely reflecting the market overemphasizing the short-term outlook, contends Citi.
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