Cantor Fitzgerald lowers Citizens Financial stock price target to $78

Cantor Fitzgerald has reduced its price target for Citizens Financial Group stock to $78 from $84 while maintaining an Overweight rating. The lower price target reflects higher expenses and lower fee income, which were partially offset by higher net interest income driven by stronger core net interest margin. The firm adjusted its fiscal year 2026 and 2027 earnings per share estimates to $5.32 and $6.60, respectively.

Despite the revised estimates, the stock currently trades at $63.30, suggesting potential upside to the new target. Citizens Financial Group is a regional bank holding company that recently reported strong second-quarter earnings, surpassing Wall Street expectations. The company posted earnings of $1.30 per share on revenue of $2.28 billion, driven by stronger net interest income and record fee revenue.

Additionally, Fitch Ratings upgraded Citizens Financial’s rating to 'A-' from 'BBB+', citing long-term improvements in earnings power and profitability.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.