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Zacks Research Downgrades Fifth Third Bancorp (NASDAQ:FITB) to Hold
Zacks Research has downgraded Fifth Third Bancorp (NASDAQ:FITB) from a “strong-buy” to a “hold” rating. Despite this, other analysts have issued “buy” or “overweight” ratings with price targets ranging from $57.00 to $63.00, resulting in a consensus “Moderate Buy” rating and an average price target of $57.19. The company recently reported Q1 EPS of $0.83, significantly beating analyst estimates, and has seen insider selling activity by EVPs Kevin J. Khanna and Peter L. Sefzik.