Evercore Partners Lifts Estimates, PT on Citi (C) Following Solid Q2
Evercore Partners analyst Andrew Marquardt reiterated an Equal Weight rating on Citi (NYSE: C), raised estimates and bumped his price target from $51 to $53 Tuesday following solid Q2 results Monday with core EPS coming in at $1.39 and reported EPS at $1.34.
The firm raised 2013 EPS estimates from $4.88 to $5.37, FY 2014 EPS from $5.01 to $5.29 and FY 2015 EPS from $5.65 to $5.76 driven primarily by lower credit costs while slightly tempered rev and slightly higher core expenses.
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Shares of Citi closed at $51.81 yesterday, with a 52 week range of $24.91-$53.56.
The firm raised 2013 EPS estimates from $4.88 to $5.37, FY 2014 EPS from $5.01 to $5.29 and FY 2015 EPS from $5.65 to $5.76 driven primarily by lower credit costs while slightly tempered rev and slightly higher core expenses.
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 $51.81 yesterday, with a 52 week range of $24.91-$53.56.