Market Overview

UPDATE: Guggenheim Securities Reiterates on Fifth Third Bancorp as Improvement is Still Off in the Distance


In a report published Tuesday, Guggenheim Securities analyst Marty Mosby reiterated a Buy rating on Fifth Third Bancorp (NASDAQ: FITB), and raised the price target from $23.00 to $25.00.

In the report, Guggenheim Securities noted, “Until short-term interest rates are expected to rise soon or regulators loosen their grip on excess capital, we believe investors should begin to be more selectively focused on banks with the potential for earnings momentum and a relative discount in valuation.”

Fifth Third Bancorp closed on Monday at $20.20.

Latest Ratings for FITB

Apr 2019MaintainsMarket PerformMarket Perform
Apr 2019MaintainsNeutral
Apr 2019MaintainsEqual-WeightEqual-Weight

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