Morgan Stanley Maintains Overweight on Citizens Financial Group, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck has maintained an Overweight rating on Citizens Financial Group (NYSE:CFG) but lowered the price target from $32 to $31.
October 19, 2023 | 2:30 pm
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Morgan Stanley 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 Morgan Stanley expects the company's 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 stock might not rise as much as previously expected. Therefore, the overall short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100