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UPDATE: Morgan Stanley Reiterates On Citigroup Following DoJ News

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In a report published Monday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating on Citigroup (NYSE: C), but removed the $58.00 price target.

In the report, Morgan Stanley noted, “According to the June 13 article citing people familiar with the matter, the DoJ is looking for more than $10B to settle its probe into C's pre crisis RMBS issuance, and is likely to sue if C doesn't up its offer of less than $4B. Citi has not commented.”

Citigroup closed on Friday at $47.59.

Latest Ratings for C

DateFirmActionFromTo
Oct 2019MaintainsOverweight
Oct 2019MaintainsBuy
Jul 2019UpgradesMarket PerformOutperform

View More Analyst Ratings for C
View the Latest Analyst Ratings

Posted-In: Betsy L. Graseck Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

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Latest Ratings

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MRNSCantor FitzgeraldAssumes7.0
MNRLCapital One FinancialInitiates Coverage On23.0
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