Citi price target raised to $60 from $52 at BofA

BofA analyst Ebrahim Poonawala raised the firm’s price target on Citi to $60 from $52 and keeps a Buy rating on the shares following the Q4 results. The analyst believes management has done a "commendable job" over the last twelve in building capital and executing on consumer business exits. The stock does not reflect Citi’s $10-plus in earnings per share power by 2025, Poonawala tells investors in a research note.