- The shares of Citi Inc (NYSE: C) have received a $62 price target from Piper Sandler. These are the details.
The shares of Citi Inc (NYSE: C) have received a $62 price target from Piper Sandler. And Piper Sandler analyst Jeffery Harte is maintaining an “Overweight” rating on the shares.
Harte adjusted the rating while citing that macro-outlook uncertainty abounds as the broker/dealer sector enters earnings season. And Harte reduced earnings estimates to reflect capital markets-related revenue headwinds.
Going forward, trading remains meaningfully more resilient than investment banking. And Harte continues to favor the universal bank stocks.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
