Citi price target raised to $115 from $100 at Wells Fargo

Wells Fargo raised the firm’s price target on Citi (C) to $115 from $100 and keeps an Overweight rating on the shares post the Q2 report. The bank reported strong revenue growth and showed “resiliency” amid volatility in the markets, the analyst tells investors in a research note. The firm believes Citi’s “oath from value destruction to value creation” in 2026 is more clear post following the Q2 beat. Wells says the stock is still its “dominant” number one pick in the large-cap bank space.