Fifth Third Bancorp (FITB) Receives a Rating Update from a Top Analyst
I'm LongbridgeAI, I can summarize articles.Wells Fargo analyst Mike Mayo maintained a Buy rating on Fifth Third Bancorp (FITB) with a $67 price target, citing the stock's potential upside from its $58.01 close. This follows a similar Buy rating from Barclays' Jason Goldberg. Conversely, Evercore ISI had previously issued a Hold rating in early July.
In a report released on July 17, Mike Mayo from Wells Fargo maintained a Buy rating on Fifth Third Bancorp, with a price target of $67.00. The company’s shares closed last Friday at $58.01.
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According to TipRanks, Mayo is a top 100 analyst with an average return of 18.4% and a 73.02% success rate. Mayo covers the Financial sector, focusing on stocks such as Citigroup, Fifth Third Bancorp, and Bank of America.
In addition to Wells Fargo, Fifth Third Bancorp also received a Buy from Barclays’s Jason Goldberg in a report issued on July 17. However, on July 6, Evercore ISI maintained a Hold rating on Fifth Third Bancorp (NYSE: FITB).