Morgan Stanley Maintains Equal-Weight on Fifth Third Bancorp, Raises Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia has maintained an Equal-Weight rating on Fifth Third Bancorp (FITB) and increased the price target from $29 to $36.
February 07, 2024 | 8:10 pm
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Morgan Stanley has maintained an Equal-Weight rating on Fifth Third Bancorp and raised the price target from $29 to $36.
The increase in price target by Morgan Stanley suggests a positive outlook on Fifth Third Bancorp's stock, potentially leading to short-term price appreciation. The Equal-Weight rating indicates that the stock is expected to perform in line with the sector or market, but the raised target price signals analyst confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100