Wolfe Research upgraded Citizens Financial to Peer Perform from Underperform without a price target. The firm estimates Citizens has a 260 basis point capital shortfall after contemplating Basel III endgame-related capital impact. However, this is manageable and the shares offer a more balanced risk/reward at current levels, the analyst tells investors in a research note.
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Read More on CFG:
- Citizens Financial price target lowered to $33 from $34 at UBS
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- Citizens Financial Group (CFG) Q3 Earnings Cheat Sheet
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