Piper Sandler analyst R. Scott Siefers lowered the firm’s price target on Citi to $45 from $47 on reduced 2024 EPS, while keeping a Neutral rating on the shares following the company’s Q3 earnings and updated guidance. Specifically, the firm is taking its 2023 EPS from $5.79 to $6.35 on the heels of a big Q3 beat. Piper’s 2024 EPS goes from $5.78 to $5.67, however, and the firm is also introducing a 2025 EPS of $7.20.
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