Citi price target lowered to $62 from $64 at BMO Capital

BMO Capital lowered the firm’s price target on Citi to $62 from $64 and keeps an Outperform rating on the shares. Citi continues to face headwinds from higher costs and higher capital requirements, and management’s 11%-12% RoTCE target by 2026 appears to be a “stretch” goal, the analyst tells investors in a research note.