Oppenheimer Maintains Outperform on Citigroup, Lowers Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Chris Kotowski maintains an Outperform rating on Citigroup, with a reduced price target from $88 to $87.
April 15, 2024 | 11:47 am
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Oppenheimer maintains an Outperform rating on Citigroup but lowers the price target from $88 to $87.
The adjustment in price target by Oppenheimer reflects a slight modification in their valuation assessment of Citigroup. While the reduction is minimal, it indicates a nuanced view on the bank's future performance. However, maintaining an Outperform rating suggests that Oppenheimer still sees Citigroup favorably in terms of its market position and growth prospects. The impact on the stock price is likely neutral in the short term, as the reduction in the price target is minor and does not indicate a fundamental change in the bank's outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100