Citi price target raised to $105 from $99 at Truist

Truist analyst John McDonald raised the firm’s price target on Citi (C) to $105 from $99 and keeps a Buy rating on the shares. Since the financial crisis, Citi shares have failed to achieve escape velocity as its ROTCE struggled to stay at over 10% for a sustained period, though this all sets a high execution bar for Citi and underscores the importance of achieving its targets for revenues and expenses, the analyst tells investors in a research note. Citi has a credible path to improve profitability and progress in its journey toward simplification and the satisfaction of regulators, the firm added.