Citi price target raised to $99 from $93 at Truist

Truist raised the firm’s price target on Citi (C) to $99 from $93 and keeps a Buy rating on the shares after its Q2 earnings beat. The firm is modeling a higher net interest income and higher capital markets fees, though this is mostly offset by higher expenses and a more conservative pace of share buybacks than previously assumed, the analyst tells investors in a research note.