BofA raised the firm’s price target on Citi (C) to $107 from $105 and keeps a Buy rating on the shares. Citi’s Q2 results and management’s messaging reaffirms BofA’s view that actions under CEO Jane Fraser have a good shot of making Citigroup competitive and putting the bank on a path to sustained 10%+ ROTCE starting in 2026, the analyst tells investors in a research note.
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