Jim Cramer Discusses Barclays’ Coverage of Citizens Financial (CFG)

Citizens Financial Group, Inc. (NYSE:CFG) is 1 of the largest determination banks successful America. Its shares are up by 36% implicit the past year. In precocious December, Truist raised Citizens Financial Group, Inc. (NYSE:CFG)’s stock terms people to $63 from $56 and kept a Hold standing connected the shares. As portion of its coverage, the fiscal steadfast pointed retired that the bank’s effectual outgo absorption could service it well. However, connected Wednesday, Raymond James downgraded Citizens Financial Group, Inc. (NYSE:CFG)’s shares to Strong Buy from Outperform but bumped the stock terms people to $66 from $62. It cited beardown stock terms show down the downgrade but remained optimistic astir the bank’s semipermanent prospects. Raymond James’ sum had followed an optimistic Barclays enactment astir Citizens Financial Group, Inc. (NYSE:CFG). In it, Barclays bumped the stock terms people to $77 from $56 and the standing to Overweight. Some of the reasons Barclays shared for its optimism included nett involvement borderline enlargement and backstage slope buildout. Cramer called the upgrade an “oddity” and pointed to the stock terms performance:

“[On Barclays] That’s a, you know, small oddity there. The banal is up gigantically already.”

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