Morgan Stanley Upgrades Citigroup to Overweight, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck upgraded Citigroup (NYSE:C) from Underweight to Overweight and increased the price target from $46 to $65.
January 30, 2024 | 12:46 pm
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Citigroup was upgraded by Morgan Stanley from Underweight to Overweight with a price target increase from $46 to $65.
Upgrades by major analysts like Morgan Stanley can lead to increased investor confidence and potential stock price appreciation. The substantial increase in price target suggests a positive outlook on Citigroup's financial performance and growth prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100