Citi price target raised to $93 from $85 at Oppenheimer

Oppenheimer analyst Chris Kotowski raised the firm’s price target on Citi to $93 from $85 and keeps an Outperform rating on the shares following quarterly results. The firm notes that in its 4Q23 earnings call, Citi guided to total revenues of $80B-$81B, versus Oppenheimer’s prior published estimate of $79.9B, and expenses of $53.5B-$53.8B, versus its $53.8B estimate.