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

October 2, 2012 6:51 AM EDT Send to a Friend
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Price: $51.38 -0.52%

Rating Summary:
    21 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 19 | New: 49
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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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