Fifth Third price target lowered to $30 from $34 at RBC Capital

RBC Capital lowered the firm’s price target on Fifth Third to $30 from $34 but keeps an Outperform rating on the shares. The company delivered solid performance in Q3 in a challenging environment and remains well-capitalized with a CET1 ratio of 9.8%, the analyst tells investors in a research note. Deposit mix at Fifth Third will be important over the next 12-18 months, and the firm expects the bank to shine during this period.