Goldman Sachs Added Citigroup (C) to its Conviction Sell List
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Goldman Sachs added Citigroup Inc. (NYSE: C) to its Conviction Sell List. The firm said Citi may take an additional $8.9 billion in write-downs in Q2.
The firm sees multiple headwinds including additional write-downs, higher consumer provisions, and the potential for capital raises, dividend cuts or asset sales.
Goldman has a $16 price target on Citi.
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