Piper Sandler Maintains Overweight on Citizens Financial Group, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Scott Siefers has maintained an Overweight rating on Citizens Financial Group (NYSE:CFG) but lowered the price target from $32 to $31.

September 15, 2023 | 2:09 pm
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Piper Sandler has maintained an Overweight rating on Citizens Financial Group but lowered the price target from $32 to $31.
The news is directly about Citizens Financial Group. The Overweight rating indicates that Piper Sandler expects the stock to outperform the market, which is positive. However, the lowering of the price target could be seen as a negative signal, suggesting that the analyst expects less upside than before. The net impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100