Piper Sandler lowered the firm’s price target on Citi (C) to $77 from $83 and keeps an Overweight rating on the shares following quarterly results and updated guidance. The firm cites its new EPS estimates offset by the recent decline in bank equity valuations. Piper’s 2025 EPS goes from $7.29 to $7.35, and its 2026 EPS goes from $8.94 to $9.20.
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