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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on C:
- Citigroup Hold Rating: Balancing Strong Trading with Profitability Challenges
- Citi price target raised to $115 from $110 at Wells Fargo
- Citi price target raised to $107 from $105 at BofA
- Citigroup’s Strategic Actions Under CEO Jane Fraser: A Path to Enhanced Competitiveness and Shareholder Value
- Citi price target raised to $100 from $95 at Barclays