Morgan Stanley analyst Betsy Graseck lowered the firm’s price target on Citi (C) to $109 from $110 and keeps an Overweight rating on the shares. The robust capital markets rebound the firm expected in 2025 is not playing out as anticipated and the firm is lowering its estimates for investment banking revenues on the back of recent market conditions as volatility likely pushes out deal launches. However, large-cap bank and mid-cap advisor stocks “appear oversold against our new base case,” the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on C:
- Buy the Dip in First Citizens (NASDAQ:FCNCA) amid Bank Stocks Turmoil says Piper Sandler
- Citi Downgrades U.S. Equities on Recession Risk after Worst Selloff in Years
- Citi price target lowered to $90 from $100 at BofA
- Bank Stocks Plunge on Recession Fears as Trump Pledges “Period of Transition”
- Citigroup’s Stock Tumbles Amid Operational Errors
Questions or Comments about the article? Write to editor@tipranks.com