A significant bearish stance has been taken on Citigroup (NYSE:C) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $40.0 to $55.0 for Citigroup over the last 3 months. Analysts from B of A Securities and Wells Fargo maintain a Buy and Overweight rating on Citigroup respectively, with a price target of $60. However, Morgan Stanley and RBC Capital have downgraded their ratings to Underweight and Outperform with price targets of $45 and $51 respectively.