Citi price target raised to $79 from $66 at Morgan Stanley

Morgan Stanley analyst Betsy Graseck raised the firm’s price target on Citi to $79 from $66 and keeps an Overweight rating on the shares. All large cap banks beat the firm’s EPS estimates, mostly on provisions and revenues and some on expenses, notes the analyst, who is boosting FY25 EPS forecasts by a median 2% and reiterates an Attractive industry view in a Q2 earnings recap for big bank group.