UPDATE: JPMorgan Downgrades Citi (C) to Neutral

October 8, 2020 1:25 AM EDT
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Price: $73.82 -1.78%

Rating Summary:
    28 Buy, 8 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 9 | New: 61
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(Updated - October 8, 2020 6:07 AM EDT)

(updating comment)

JPMorgan analyst Vivek Juneja downgraded Citi (NYSE: C) from Overweight to Neutral with a price target of $57.50.

The analyst comments "We are downgrading to Neutral, due to the overhang from regulatory issues. In addition, Citi’s profitability lags peers,
but these concerns are tempered by its cheap valuation."

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 $44.84 yesterday.

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