RBC Capital Maintains Outperform Rating for Citigroup: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Outperform rating for Citigroup (NYSE:C) but lowered its price target from $51.00 to $47.00. Citigroup's shares are currently trading up 0.77% at $43.01 per share. A move to $47.00 would represent a 9.28% increase from the current share price.
September 20, 2023 | 5:00 pm
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RBC Capital has maintained its Outperform rating for Citigroup but lowered its price target. This could potentially lead to increased investor interest and a rise in the stock's price.
Analyst ratings can significantly influence investor sentiment and stock prices. In this case, RBC Capital's decision to maintain its Outperform rating for Citigroup indicates a positive outlook for the company, which could attract more investors and drive up the stock's price. However, the lowering of the price target might indicate a slightly less optimistic view on the stock's future performance.
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IMPORTANCE 80
RELEVANCE 100