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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
UBS raised its price target for Fifth Third Bancorp from $60 to $65 while maintaining a Buy rating. This follows reports that the bank significantly increased its holdings in major companies like Walmart and Mastercard during the first quarter. Specifically, the bank's stake in Walmart rose by 55.2% to $462.6 million, while its ownership in Mastercard grew by 25.7% to a total value of $435.5 million.