Stifel Nicolaus Upgrades Fifth Third (FITB), Downgrades US Bancorp (USB)
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Price: $18.25 +0.83%
Rating Summary:
13 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
13 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade FITB Now!
Stifel Nicolaus' Christopher Mutascio effectively put out a pair trade Tuesday morning, upgrading shares of Fifth Third (Nasdaq: FITB) while at the same time downgrading shares of US Bancorp (NYSE: USB).
The analyst now rates Fifth Third shares a Buy, up from Hold previously, and set a $17 price target. Mutascio lowered his investment rating on shares of US Bancorp from Buy to Hold and suspended his $32 price target.
Traders are reacting appropriately ahead of the opening bell: Fifth Third shares are up 0.3 percent $14.48 and shares of US Bancorp are down 0.75 percent to $31.47.
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The analyst now rates Fifth Third shares a Buy, up from Hold previously, and set a $17 price target. Mutascio lowered his investment rating on shares of US Bancorp from Buy to Hold and suspended his $32 price target.
Traders are reacting appropriately ahead of the opening bell: Fifth Third shares are up 0.3 percent $14.48 and shares of US Bancorp are down 0.75 percent to $31.47.
Check out our Ratings Insider portal to get the most comprehensive and up-to-date analyst coverage on the Street.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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