Citi price target raised to $139 from $133 at Truist

Truist analyst John McDonald raised the firm’s price target on Citi (C) to $139 from $133 and keeps a Buy rating on the shares after the company’s Q1 results. The firm is positive on the bank’s better revenue growth and a higher level of share buybacks, partially offset by higher provision expense and the incorporation of non-controlling interest attribution related to the Banamex stake sales, the analyst tells investors in a research note.