Compass Point upgraded Fifth Third to Buy and raised its price target to $23.50 from $21 following the announcement of a new revenue/cost initiative at an investor conference. The announcement of the program changes the firm's view following what it considers a "lost year" for Fifth Third in 2016 characterized by a jump in expenses driven by technology investments, NIM compression, and a stagnation in EPS growth. Although most details on the new initiative were light, the company did reveal specifics surrounding its new GreenSky partnership as well as an additional round of branch closures.