Goldman Sachs Upgrades Citigroup to Buy, Raises Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Richard Ramsden upgraded Citigroup (NYSE:C) from Neutral to Buy and increased the price target from $55 to $68, indicating a positive outlook on the bank's stock.
March 14, 2024 | 1:34 pm
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Goldman Sachs upgraded Citigroup from Neutral to Buy and raised the price target from $55 to $68.
An upgrade from a reputable financial institution like Goldman Sachs typically leads to increased investor confidence and can drive the stock price up in the short term. The significant raise in the price target from $55 to $68 suggests a strong bullish outlook on Citigroup, which could attract more buyers to the stock.
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IMPORTANCE 90
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