BofA raised the firm’s price target on Citi (C) to $170 from $150 and keeps a Buy rating on the shares. The bank’s investor day reinforces the firm’s view that the stock should re-rate over the next two years as confidence builds in its improving competitive positioning, profitability, and growth outlook, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on C:
- Citi ROTCE targets exclude capital relief, says Morgan Stanley
- Trump to invite Nvidia, Apple CEOs on China trip, Semafor reports
- Novo (NVO) and Lilly (LLY) Stocks Jump as Weight-Loss Pills Reveal Monster Market Potential
- Citi sees near-term ROTCE 11%-13 for 2027-2028
- Citi sees buying back $30B of shares starting in Q2