Citi (C) Stock: $62 Target And Overweight Rating

By Amit Chowdhry ● Updated July 2, 2022
  • 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.