Truist analyst John McDonald raised the firm’s price target on Citi (C) to $147 from $139 and keeps a Buy rating on the shares. Ahead of the company’s Investor Day next week, the firm notes that the key item to watch is its new ROTCE target. Truist adds that it could be provided in two stages: at 12%-13% for 2027-28 and then mid-teens as an end-state target, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on C:
- Citi price target raised to $135.50 from $131 at JPMorgan
- Citi price target raised to $162 from $160 at Wells Fargo
- Pennsylvania AG urging stronger illegal vaping actions from card companies
- Citi Says Anthropic, Not OpenAI, Will Lead $4.2 Trillion AI Market Boom by 2030
- Two creditor groups of Spirit Airlines back Trump bailout plan, FT says