Oppenheimer Maintains Outperform Rating for Citigroup: Here's What You Need To Know

Oppenheimer has decided to maintain its Outperform rating of Citigroup C and lower its price target from $87.00 to $75.00.

Shares of Citigroup are trading up 1.17% over the last 24 hours, at $44.22 per share.

A move to $75.00 would account for a 69.61% increase from the current share price.

About Citigroup

Citigroup is a global financial services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into two primary segments: the institutional clients group (ICG) and the personal banking and wealth management group (PBWM). The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.