BofA raised the firm’s price target on Citi (C) to $120 from $115 and keeps a Buy rating on the shares. Q3 core EPS of $2.24 was 17% above BofA’s forecast and consensus, driven by stronger revenue and lower expenses, notes the analyst, who raised the firm’s FY26 and FY27 EPS estimates 4.4% and 1.9%, respectively, driven by a more constructive revenue outlook.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on C:
- U.S. banks report better than expected Q3 results across the board, says RBC
- Citi price target raised to $134 from $129 at Morgan Stanley
- Citi price target raised to $118 from $112 at Keefe Bruyette
- Citi price target raised to $110 from $107 at Piper Sandler
- Citi price target raised to $115 from $100 at Barclays