UBS Maintains a 'Buy' on Citi (C); Continued Expense Discipline is Encouraging

July 16, 2012 1:10 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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UBS maintains a 'Buy' on Citi (NYSE: C) price target of $36.00.

Analyst, Brennan Hawken, is positive on Citi's recent earnings report, saying the continued expense discipline is encouraging.

This morning, Citi reported Q2 EPS of $1.00, topping estimates by $0.11. Revenues were $18.6 billion vs. the consensus of $18.76 billion.

Shares of C are trading up 0.94% (+$0.25) to $26.90, however, the stock has fallen from $35.07 in the past three months.

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 $26.65 yesterday.

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