BofA raised the firm’s price target on Citi (C) to $120 from $115 and keeps a Buy rating on the shares. Q3 core EPS of $2.24 was 17% above BofA’s forecast and consensus, driven by stronger revenue and lower expenses, notes the analyst, who raised the firm’s FY26 and FY27 EPS estimates 4.4% and 1.9%, respectively, driven by a more constructive revenue outlook.
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