Deutsche Bank Raises Price Target on Citi (C) to $53

March 19, 2013 1:04 PM EDT
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Price: $59.63 +0.68%

Rating Summary:
    18 Buy, 12 Hold, 3 Sell

Rating Trend: = Flat

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Deutsche Bank today maintained a Buy rating on Citi (NYSE: C) and raised its price target to $53.00 (from $46.00). Analyst Matt O'Connor pointed out positives for the bank, including potential for $6 or higher EPS in 2015, strong capital build, and a low revenue bar.

"We continue to see EPS power in excess of $6, without much improvement in macro conditions or stretching on capital deployment. Starting with $3.86 in 2012, we believe the bulk of the drag from Citi Holdings will be gone by 2015," said O'Connor.

For an analyst ratings summary and ratings history on Citi click here. For more ratings news on Citi click here.

Shares of Citi closed at $46.24 yesterday.

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