Citi price target raised to $90 from $78 at BofA

BofA analyst Ebrahim Poonawala raised the firm’s price target on Citi (C) to $90 from $78 and keeps a Buy rating on the shares. Shares have been “notable laggards” quarter-to-date compared to other Global Systemically Important Bank peers, notes the analyst, who adds that this has been the case despite Citi’s 2025 consensus EPS revisions outpacing money center peers. Trump policy priorities should be a net positive and improved visibility around capital return and the 2025 revenue and expense outlooks should serve as catalysts to narrow the valuation gap, the analyst tells investors.