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Fifth Third Bancorp stock rating reiterated at Overweight by Piper Sandler
Piper Sandler has reiterated its “Overweight” rating and $57.00 price target for Fifth Third Bancorp (NASDAQ:FITB) following meetings with bank management, noting enthusiasm among former CMA employees for the bank’s future after its recent acquisition. The integration of CMA is the bank’s top priority, with no further near-term acquisitions planned. Fifth Third Bancorp has a history of 51 consecutive years of dividend payments and a constructive outlook on loan growth and rate positioning.