UPDATE: Stifel Nicolaus Downgrades Fifth Third Bancorp to Hold on Valuation

Stifel Nicolaus downgraded Fifth Third Bancorp

from Buy to Hold and removed the price target of $17.00. Stifel Nicolaus noted, "This is purely a valuation call as the shares are now within 2% of our $17 target price. We still like it over other Midwest banks like CMA and KEY." Fifth Third Bancorp closed at $16.61 on Friday.