DA Davidson Lifts PT for Citizens Financial (CFG), Keeps Buy Rating

Citizens Financial Group, Inc. (NYSE:CFG) is one of the 10 Best Financial Stocks on Wall Street’s Radar. On July 18, DA Davidson increased its price target for Citizens Financial Group, Inc. (NYSE:CFG) from $49 to $55 while keeping a “Buy” rating.

The research firm noted that the company reported “strong 2Q results” and gave a “positive update for 3Q.” This prompted DA Davidson to increase its earnings per share estimates for Citizens Financial Group, Inc. (NYSE:CFG).

DA Davidson Lifts PT for Citizens Financial (CFG), Keeps Buy Rating

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DA Davidson noted that the banking company has reiterated its guidance for 2025 and still believes it can achieve an improvement of 150 basis points in pre-provision operating leverage in 2025.

The research firm also highlighted several strengths for Citizens Financial Group, Inc. (NYSE:CFG), including potential improvements in the net interest margin, the company’s private bank buildout, and its metro New York expansion efforts.

Citizens Financial Group, Inc. (NYSE:CFG) is an American bank holding company that offers a wide range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions.

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Disclosure: None. This article is originally published at Insider Monkey.