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Fly News Breaks for July 10, 2019
CFG
Jul 10, 2019 | 06:48 EDT
UBS analyst Saul Martinez cut Citizens Financial to Neutral and lowered his price target to $38 from $40, saying the bank's "limited fee generation" and declining ROA make it vulnerable in a more challenging interest rate and credit environment. The analyst also believes that the many catalysts that drove Citizens' profitability since its 2014 IPO either ran their course or will yield "fewer benefits".
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