Keefe Bruyette analyst David Konrad raised the firm’s price target on Citi to $69 from $66 and keeps a Market Perform rating on the shares after the bank hosted investors to highlight its Services business, which the firm considers its “crown jewel” business. While cautious on its near term revenue outlook in a potentially declining interest rate environment, the firm assumes strong EPS growth and meaningful improvement in returns, the analyst tells investors.
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