Citigroup (C) Receives a Rating Update from a Top Analyst

In a report released today, Chris Kotowski from Oppenheimer maintained a Buy rating on Citigroup (CResearch Report), with a price target of $87.00. The company’s shares opened today at $52.58.

Kotowski covers the Financial sector, focusing on stocks such as Bank of America, Citigroup, and JPMorgan Chase & Co.. According to TipRanks, Kotowski has an average return of 15.5% and a 65.06% success rate on recommended stocks.

Citigroup has an analyst consensus of Moderate Buy, with a price target consensus of $57.44.

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Based on Citigroup’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $18 billion and a net profit of $2.51 billion. In comparison, last year the company earned a revenue of $17 billion and had a net profit of $3.17 billion

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Founded in 1812, New York-based Citigroup, Inc. is a financial services holding company, which provides financial products and services. It operates through the following segments: Global Consumer Banking; Institutional Clients Group; and Corporate/Other.

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