Goldman Sachs Maintains Buy Rating for Fifth Third Bancorp: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has maintained its Buy rating for Fifth Third Bancorp (NASDAQ:FITB) and increased its price target from $30.00 to $34.00. Despite this, FITB shares have fallen by 3.02% over the last 24 hours, trading at $28.38 per share. A move to $34.00 would represent a 19.82% increase from the current share price.
July 21, 2023 | 5:00 pm
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Goldman Sachs maintains its Buy rating for Fifth Third Bancorp and raises its price target, indicating a positive outlook. However, FITB shares have fallen by 3.02% over the last 24 hours.
Goldman Sachs' maintained Buy rating and increased price target for FITB indicates a positive outlook for the company. However, the recent 3.02% drop in FITB's share price may be due to market volatility or other factors not mentioned in the article. The raised price target suggests that Goldman Sachs expects FITB's stock price to increase in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100