Morgan Stanley raised the firm’s price target on Citi (C) to $109 from $104 and keeps an Overweight rating on the shares. Citi delivered a “strong” EPS print, better than expected 2025 revenue guidance and a new $20B buyback that drove it to be “the best performing Money Center Bank on 4Q24 Earnings Day 1,” the analyst noted. Following the report, the firm is raising its 2025 EPS view 2% to $7.75 and 2026 EPS forecast 4% to $10.37 on higher net interest income and lower expense expectations.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on C:
- Citi price target raised to $79 from $69 at Evercore ISI
- Citi price target raised to $85 from $74 at RBC Capital
- Citi price target raised to $83 from $80 at Piper Sandler
- Citigroup Reports Strong 2024 Earnings with Strategic Gains
- Here’s what Wall St. experts are saying about these banks ahead of earnings