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Fly News Breaks for March 8, 2016
VNTV, FITB
Mar 8, 2016 | 07:32 EDT
Stephens analyst Terry McEvoy upgraded Fifth Third (FITB) to Overweight from Equal Weight, citing the stock's underperformance compared to other Super Regional banks year-to-date as well as the potential catalyst of the increased value of Vantiv (VNTV). McEvoy, who also thinks the Fifth Third's new CEO has the potential to increase investor confidence in the bank's strategic direction, set a $20 price target on the bank's shares.
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