Truist analyst John McDonald raised the firm’s price target on Citi (C) to $123 from $112 and keeps a Buy rating on the shares as part of a broader research note updating the firm’s model following management commentary at recent conference appearances. The firm is also raising its FY27 EPS view to $12.30 from $12.00 to reflect the company’s improving efficiency ratio as well as lower annual expenses in FY26, the analyst tells investors in a research note.
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