Fly News Breaks for April 24, 2019
Apr 24, 2019 | 07:44 EDT
Citi analyst Arren Cyganovich raised his price target for CIT Group to $62 from $55 citing an improved earnings outlook following the company's Q1 results. Fundamentals "appear to be in good shape, and the pause in rate hikes likely helps CIT given its higher-cost online deposit franchise positioning," Cyganovich tells investors in a research note. He reiterates a Buy rating on the stock.
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