Citi price target raised to $112 from $105 at Truist

Truist raised the firm’s price target on Citi (C) to $112 from $105 and keeps a Buy rating on the shares as part of a broader research note updating the firm’s models on U.S. Banks. The firm is boosting its revenue estimates due to better capital markets environment, though this is partially offset by higher compensation expenses, the analyst tells investors in a research note. Truist adds that in FY27, it sees total expenses flat-to-up modestly, alongside low single digit revenue growth.