Citi price target raised to $145 from $144 at Oppenheimer

Oppenheimer raised the firm’s price target on Citi (C) to $145 from $144 and keeps an Outperform rating on the shares following the company’s investor day. The firm notes that the trading action on investor day began tepidly with shares modestly lower. Oppenheimer attributes this to the fact that they “just” re-affirmed 2026 ROTCE guidance of 10%-11% and initiated 2027-2028 targets of 11%-13%, all of which is pretty much “in line” with consensus. However, after bottoming at roughly, the stock steadily gained momentum as the broader market weakened.