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Fly News Breaks for October 11, 2019
FITB
Oct 11, 2019 | 06:23 EDT
As previously reported, BofA/Merrill analyst Erika Najarian upgraded Fifth Third to Buy from Neutral with a $30 price target. Najarian said Fifth Third shares are trading at an "inexplicable discount" and suggests that its revenues are sensitive to declining rates, which is not the case. Further, the company will benefit from revenue and expense synergies from the MB acquisition and organic middle market expansion, the analyst wrote in a note to investors.
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