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Citi price target raised to $162 from $160 at Wells Fargo

Wells Fargo raised the firm’s price target on Citi (C) to $162 from $160 and keeps an Overweight rating on the shares. The firm believes Citi’s Investor Day should reflect generational restructuring at a time of generational deregulation. This should lead to two times the estimated growth in EPS vs. peer over three years.

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