Goldman Sachs Maintains Buy Rating for Citizens Financial Group: Here's What You Need To Know

Goldman Sachs has decided to maintain its Buy rating of Citizens Financial Group CFG and lower its price target from $38.00 to $34.00.

Shares of Citizens Financial Group are trading down 1.37% over the last 24 hours, at $25.98 per share.

A move to $34.00 would account for a 30.87% increase from the current share price.

About Citizens Financial Group

Citizens Financial Group is a retail bank holding company operating primarily in the New England, Mid-Atlantic, and Midwest regions of the United States. The bank operates through two segments: consumer and commercial banking. Citizens' strategy emphasizes differentiation through customer service. Net interest income is the largest source of the bank's net revenue. Most net interest income is derived from commercial loans, securities, home equity lines of credit, automobile loans, and residential mortgages. Some of CFG's higher-yielding products include credit cards, home equity loans, and other retail loans.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.