tiprankstipranks
Citi price target raised to $95 from $85 at Wells Fargo
The Fly

Citi price target raised to $95 from $85 at Wells Fargo

Wells Fargo raised the firm’s price target on Citi (C) to $95 from $85 and keeps an Overweight rating on the shares as part of a broader research note on Large-Cap banks. The firm is citing the expected benefit of the U.S. elections driving a “15-year regulatory paradigm shift” and its upward bias to EPS estimates, along with anticipated greater flexibility by banks to return and deploy capital and for a bank merger resurgence, the analyst tells investors in a research note.

Don't Miss Our Christmas Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App