On Oct 17, major Wall Street analysts update their ratings for $Citizens Financial (CFG.US)$, with price targets ranging from $44 to $50.
Morgan Stanley analyst Manan Gosalia maintains with a hold rating, and maintains the target price at $50.
BofA Securities analyst Ebrahim Poonawala maintains with a hold rating, and maintains the target price at $44.
Barclays analyst Jason Goldberg maintains with a hold rating, and adjusts the target price from $40 to $47.
Evercore analyst John Pancari maintains with a hold rating, and maintains the target price at $46.
RBC Capital analyst Gerard Cassidy maintains with a buy rating, and adjusts the target price from $43 to $45.
Furthermore, according to the comprehensive report, the opinions of $Citizens Financial (CFG.US)$'s main analysts recently are as follows:
Following the Q3 report, it was noted that while Citizens Financial's earnings aligned with expectations, this was a contrast to other banks that exceeded predictions.
The company's Q3 earnings exceeded forecasts largely due to expenses that were below initial expectations, which helped counterbalance the unanticipated lower noninterest income and net interest income. The company maintains a strong capital position with a Common Equity Tier 1 ratio of 10.6%. Despite the overall robust credit quality, there were certain areas that exhibited softness during the quarter.
Here are the latest investment ratings and price targets for $Citizens Financial (CFG.US)$ from 7 analysts:
Note:
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