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UPDATE: Morgan Stanley Initiates Coverage On Citizens Financial Group


Morgan Stanley analyst Ken Zerbe initiated coverage of Citizens Financial Group Inc (NYSE: CFG) with an Overweight rating and a $27 price target.

Zerbe commented, "We think CFG can deliver steady profitability improvement through clearly defined initiatives, reaching a 10 percent ROTCE in 2016."

It is the company's potential to improve its ROTCE that is driving Zerbe's Overweight rating. He said there could be "meaningful upside" if Citizen's executes its improvement plans.

As drivers of this expected improvement, Zerbe listed:

  • $750 million stock purchases over the next two years and a 30 percent dividend
  • Higher fee income
  • Aggressive loan growth
  • Interest margin expansion
  • Growth initiatives funded by aggressive cost cuts

Latest Ratings for CFG

Apr 2021Deutsche BankMaintainsBuy
Mar 2021Morgan StanleyMaintainsOverweight
Feb 2021Morgan StanleyMaintainsOverweight

View More Analyst Ratings for CFG
View the Latest Analyst Ratings


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Posted-In: Ken Zerbe Morgan StanleyAnalyst Color Price Target Initiation Analyst Ratings

Latest Ratings

GDWolfe ResearchDowngrades
QRTEAB of A SecuritiesInitiates Coverage On
ABB of A SecuritiesDowngrades42.0
VCTRB of A SecuritiesUpgrades32.0
BSIGB of A SecuritiesUpgrades27.0
View the Latest Analytics Ratings
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