Citi price target raised to $134 from $129 at Morgan Stanley

Morgan Stanley analyst Betsy Graseck raised the firm’s price target on Citi (C) to $134 from $129 and keeps an Overweight rating on the shares. Citi delivered “the highest quality beat of the group across all major line items,” including net interest income, fees, expenses, and provisions, the analyst tells investors in a post-earnings note. The high quality beat increased conviction in management’s ability to hit its 10%-11% ROTCE guidance in 2026, adds the analyst, who is raising the firm’s 2027 EPS view by 4% as the high quality beat flows through the firm’s model.