Keefe, Bruyette & Woods Upgrades Citi (C) to Outperform

October 2, 2012 6:51 AM EDT
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Price: $59.55 -1%

Rating Summary:
    19 Buy, 12 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 20 | Down: 35 | New: 11
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Keefe, Bruyette & Woods upgraded Citi (NYSE: C) from Market Perform to Outperform with a price target of $44.00 (from $40.00), citing run-off of Citi Holdings and improving Basel III capital ratio.

The firm raised Q4 operating EPS est. from $0.84 to $0.89, FY13 from $4.10 to $4.25.

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 $32.75 yesterday.

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