Market Overview

Bank of America Merrill Lynch Reiterates Buy Rating, $46 PT for Citigroup

Share:
Related C
10 Stocks You Should Be Watching Today
Earnings Scheduled For January 18, 2017
Tracking Ken Fisher's Fisher Asset Management Portfolio - Q4 2016 Update (Seeking Alpha)

In a company update published earlier today, Bank of America Merrill Lynch reiterated its Buy rating and $46.00 price target for Citigroup Inc. (NYSE: C).

BofA Merrill Lynch went on to say “Citi is well-positioned to take advantage of the ongoing market recovery and normalizing credit, and continued investment in its Emerging Markets presence also enables C to benefit from strong growth in these areas. Despite considerable near-term headwinds, e.g. regulatory concerns, global macro worries, etc., the revenue growth we expect in Citicorp and rapid decline in Citi Holdings assets should drive significant long-term earnings power - such trends suggest an 6-7% ROE by '13 is achievable.”

Citigroup Inc. closed yesterday at $25.75.

Latest Ratings for C

DateFirmActionFromTo
Jan 2017UBSDowngradesBuySell
Jan 2017Standpoint ResearchDowngradesBuyHold
Dec 2016Atlantic EquitiesUpgradesNeutralOverweight

View More Analyst Ratings for C
View the Latest Analyst Ratings

Posted-In: Bank of America Merrill LynchAnalyst Color Reiteration Analyst Ratings

 

Related Articles (C)

View Comments and Join the Discussion!