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Fly News Breaks for October 2, 2015
FITB
Oct 2, 2015 | 06:15 EDT
Goldman downgraded Fifth Third to Neutral and lowered its price target to $21 from $22.50. Analyst Richard Ramsden said valuation is less compelling at current levels and sees limited upside from lower expenses the next several quarters given regulatory and tech spend that is driving increased headcount. Further, Ramsden believes loan growth could slow and sees risk to Q3 estimates driven by seasonally soft fee income.
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