Barclays Maintains Equal-Weight on Citigroup, Raises Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jason Goldberg has maintained an Equal-Weight rating on Citigroup (NYSE:C) and increased the price target from $59 to $63.

January 02, 2024 | 11:26 am
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Barclays has maintained an Equal-Weight rating on Citigroup and raised the price target from $59 to $63, indicating a positive outlook on the stock.
The increase in price target by Barclays reflects a positive adjustment in their valuation of Citigroup's stock, which could lead to increased investor confidence and a potential short-term rise in the stock price. The Equal-Weight rating suggests that Barclays views Citigroup as adequately valued at the moment, but the raised target implies an expectation of some growth or positive performance relative to the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100