Goldman Sachs analyst Richard Ramsden lowered the firm’s price target on Citi to $71 from $75 and keeps a Buy rating on the shares. The firm adjusted estimates across large banks to reflect an updated market forward curve, with six more rate cuts through the end of 2025, the most recent capital markets data and updated market valuations. Goldman decreased 12-month price targets to reflect a more challenging potential earnings trajectory for the banks through 2025, given more rate cuts that it now includes in our models, which results in a 5% decline in the group’s 12-month targets.
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