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News For FITB From the Last 2 Days
FITB
Mar 19, 2024 | 06:14 EDT
Stephens downgraded Fifth Third to Equal Weight from Overweight with a $41 price target. Several factors have contributed to Fifth Third shares outperforming peers in recent years, including the fact that since 2014, Fifth Third's quarterly results have exceeded consensus expectations 74% of the time, the analyst tells investors. However, shares now traded at a "healthy premium" following the successful re-rating of valuation over the last decade and the firm feels that while Fifth Third will maintain its fundamental ranking among peers, Stephens sees less upside in price.