Truist analyst John McDonald raised the firm’s price target on Citi (C) to $93 from $84 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results for U.S. Banks. The recessionary fears that drove the steep sell-off ahead of last quarter’s results mostly played out in multiples, as did the subsequent rebound, the analyst tells investors in a research note. For the company, the firm expects Q2 markets revenues to grow mid-to-high single digits and Investment Banking fees to grow mid single digits.
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