Baird Downgrades Fifth Third Bancorp to Neutral, Maintains $32 Price Target
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David George downgraded Fifth Third Bancorp (FITB) from Outperform to Neutral while maintaining a $32 price target.
April 01, 2024 | 10:08 am
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NEUTRAL IMPACT
Fifth Third Bancorp was downgraded from Outperform to Neutral by Baird analyst David George, with a maintained price target of $32.
The downgrade from Outperform to Neutral by a Baird analyst could lead to mixed reactions in the market. While the maintenance of the $32 price target suggests a stable outlook, the downgrade might temper investor enthusiasm in the short term. However, without negative catalysts, the impact is likely to be moderate.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100