UBS Downgrades Fifth Third Bancorp to Neutral, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Erika Najarian downgraded Fifth Third Bancorp (FITB) from Buy to Neutral and reduced the price target from $42 to $39.
April 04, 2024 | 7:00 pm
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UBS analyst Erika Najarian downgraded Fifth Third Bancorp from Buy to Neutral and lowered the price target from $42 to $39.
The downgrade from Buy to Neutral by a major analyst like UBS, coupled with a reduction in price target, typically signals a less optimistic outlook on the stock's short-term performance. This can lead to decreased investor confidence and potentially a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100