These Analysts Revise Their Forecasts On Citigroup Following Strong Q2 Results
Portfolio Pulse from Lisa Levin
Citigroup Inc reported better-than-expected Q2 results with a net revenue of $19.44 billion and EPS of $1.33. The company expects FY23 adjusted revenue of $78 billion - $79 billion. Following the earnings announcement, BMO Capital lowered the price target on Citigroup from $64 to $62, Oppenheimer increased it from $84 to $88, and Credit Suisse maintained a $50 price target.
July 17, 2023 | 1:06 pm
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Citigroup's better-than-expected Q2 results and FY23 revenue forecast led to revised price targets by analysts. Despite positive results, the stock fell 4.1% to close at $45.75 on Friday.
Despite Citigroup's strong Q2 results and positive FY23 revenue forecast, the stock fell, indicating a mixed market reaction. Analysts' revised price targets also show differing views on the stock's future performance.
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