BMO Capital analyst James Fotheringham raised the firm’s price target on Citi to $68 from $56 and keeps an Outperform rating on the shares. The company’s results demonstrated better-than-expected momentum in Markets, Services, and Personal Banking and Wealth Management segments, the analyst tells investors in a research note. The resumption of share repurchases could also prove to be a positive nearer-term catalyst for shares, the firm added.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on C:
- Citigroup (NYSE:C): On Track to Beat 2023 Guidance if Tailwinds Persist
- Citi price target raised to $58 from $56 at BofA
- Large banks’ earnings ‘much better than expected’, says RBC Capital
- Citi price target raised to $53 from $47 at Piper Sandler
- RBC sees exposure to Commercial Real Estate among top 20 banks manageable
