Fifth Third Bancorp shares are trading lower after RBC Capital maintained an Outperform rating on the stock but lowered its price target from $34 to $30.
Portfolio Pulse from Benzinga Newsdesk
Fifth Third Bancorp's shares are trading lower after RBC Capital maintained an Outperform rating on the stock but lowered its price target from $34 to $30.
October 20, 2023 | 4:26 pm
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Fifth Third Bancorp's stock price is trading lower due to RBC Capital's decision to lower its price target from $34 to $30, despite maintaining an Outperform rating.
The lowering of the price target by RBC Capital indicates a less optimistic outlook for Fifth Third Bancorp, which has led to a decrease in the stock price. Despite the Outperform rating, the reduced price target has negatively impacted investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100