Wedbush Starts Fifth Third Bancorp (FITB) at Neutral

Wedbush initiates coverage on Fifth Third Bancorp (NASDAQ: FITB) with a Neutral rating and a price target of $22.00.

Analyst Peter Winter commented, "FITB is in the midst of a turnaround and we believe 1Q16 EPS was the bottom and are forecasting it to rebound. With that said, we believe a lot of the good news has been reflected in the stock as it has gone from trading at one of the lowest P/E valuations in the group to in line."

For an analyst ratings summary and ratings history on Fifth Third Bancorp click here. For more ratings news on Fifth Third Bancorp click here.

Shares of Fifth Third Bancorp closed at $20.74 yesterday.

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