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.
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