Deutsche Bank Raises Target on Citi (C) to $40
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Price: $132.89 -3.46%
Rating Summary:
31 Buy, 11 Hold, 2 Sell
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Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
Rating Summary:
31 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
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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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