Citi price target raised to $95 from $90 at BofA

BofA analyst Ebrahim Poonawala raised the firm’s price target on Citi (C) to $95 from $90 and keeps a Buy rating on the shares. Despite a 33% move in the stock last year, the firm’s conversations point to “a high degree of investor skepticism” around whether CEO Jane Fraser can turn things around and put Citigroup on a path of improved and sustained profitability, says the analyst, who continues to believe that Fraser is “on the right track and has made significant progress.”