Keefe Bruyette raised the firm’s price target on Citi (C) to $105 from $92 and keeps an Outperform rating on the shares following a transfer of coverage. The firm is bullish on the long-term structural benefits of scale for the large-cap banks. It prefers business models that can produce leading returns with high degrees of predictability.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on C:
- Citi price target raised to $97 from $86 at HSBC
- UBS, C: Major Banks Fined $3B over Money Laundering Scandal in Singapore
- Citi price target raised to $103 from $94 at Morgan Stanley
- BAC, JPM, GS: US Banks Unlock Billions in Shareholder Returns After Passing Fed Stress Test
- Citigroup Completes 2025 Stress Test, Plans Dividend Increase