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Analysts’ Opinions Are Mixed on These Financial Stocks: Fifth Third Bancorp (FITB) and Laurentian Bank (OtherLRCDF)

Tipranks - Tue Jun 2, 12:44PM CDT

Analysts have been eager to weigh in on the Financial sector with new ratings on Fifth Third Bancorp (FITB) and Laurentian Bank (LRCDF).

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Fifth Third Bancorp (FITB)

In a report released today, Manan Gosalia from Morgan Stanley maintained a Buy rating on Fifth Third Bancorp. The company’s shares closed last Monday at $48.55, close to its 52-week high of $49.07.

According to TipRanks.com, Gosalia is a 4-star analyst with an average return of 8.0% and a 57.8% success rate. Gosalia covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Valley National Bancorp, and Bank of New York Mellon. ;'>

Fifth Third Bancorp has an analyst consensus of Strong Buy, with a price target consensus of $56.39, representing a 14.1% upside. In a report issued on May 27, Bank of America Securities also maintained a Buy rating on the stock.

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Laurentian Bank (LRCDF)

In a report released today, Sohrab Movahedi from BMO Capital maintained a Hold rating on Laurentian Bank, with a price target of $40.50. The company’s shares closed last Monday at $29.10.

According to TipRanks.com, Movahedi is a 5-star analyst with an average return of 15.6% and a 66.4% success rate. Movahedi covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Brookfield Corporation. ;'>

Currently, the analyst consensus on Laurentian Bank is a Hold with an average price target of $34.73, a 19.3% upside from current levels. In a report issued on May 29, RBC Capital also maintained a Hold rating on the stock with a C$40.00 price target.

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