Deutsche Bank Raises Target on Citi (C) to $40
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Price: $138.62 -0.51%
Rating Summary:
31 Buy, 11 Hold, 2 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 12 | Down: 20 | New: 20
Rating Summary:
31 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 20 | New: 20
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Deutsche Bank raised its price target on Buy-rated Citi (NYSE: C) from $36 to $40 citing less uncertainty over capital (reflecting the sales of several minority equity stakes) and higher better capital markets revenue.
"Our TP assumes a 10-15% discount to the overall group given more earnings volatility and as C is still building towards Basel 3 levels," the firm said.
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 $36.51 yesterday.
"Our TP assumes a 10-15% discount to the overall group given more earnings volatility and as C is still building towards Basel 3 levels," the firm said.
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 $36.51 yesterday.
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