Morgan Stanley raised the firm’s price target on Citi (C) to $107 from $103 and keeps an Overweight rating on the shares. Citi delivered a “high quality” EPS beat, raised guidance, and doubled the pace of share repurchases from $2B in Q2 to at least $4B in Q3, the analyst tells investors in a research note. The firm expects Citi to hit a 10% ROTCE in 2026, the low end of its 10%-11% target.
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