J.P. Morgan analyst Vivek Juneja on Thursday lowered his rating on Citizens Financial Group Inc. to neutral from overweight after the Fed’s annual bank...
J.P. Morgan analyst Vivek Juneja on Thursday lowered his rating on Citizens Financial Group Inc. CFG to neutral from overweight after the Fed’s annual bank stress test results. He kept the price target for the stock at $27 a share. Relative to its banking peers, Citizens will see its capital requirement increase, “which will further pressure profitability” at the bank, Juneja said.
Morgan analyst Vivek Juneja on Thursday lowered his rating on Citizens Financial Group Inc. CFG to neutral from overweight after the Fed’s annual bank stress test results. He kept the price target for the stock at $27 a share. Relative to its banking peers, Citizens will see its capital requirement increase, “which will further pressure profitability” at the bank, Juneja said.
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