Morgan Stanley Reiterates Underweight on Citigroup, Maintains $45 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck has reiterated an Underweight rating on Citigroup (NYSE:C) and maintained a $45 price target.
July 07, 2023 | 3:35 pm
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Morgan Stanley has reiterated an Underweight rating on Citigroup, maintaining a $45 price target.
The Underweight rating from Morgan Stanley suggests that they expect Citigroup's stock to underperform compared to other stocks in the market. This could potentially lead to a decrease in Citigroup's stock price in the short term. The maintained price target of $45 indicates that the analyst believes this is the fair value of the stock.
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IMPORTANCE 80
RELEVANCE 100