BMO Capital Maintains Outperform on Citigroup, Lowers Price Target to $62
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst James Fotheringham has maintained an 'Outperform' rating on Citigroup (NYSE:C) but lowered the price target from $64 to $62.

July 17, 2023 | 12:06 pm
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Citigroup's price target has been lowered from $64 to $62 by BMO Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by BMO Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the stock, which could counterbalance the negative impact.
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