How Wall Street Analysts are Rating Citigroup’s Upside



Upside potential

So far in September 2017, 17 of the 29 analysts covering Citigroup (C) (~58.6%) have given the stock “buy” or “strong buy” ratings. Ten analysts have given it “hold” ratings, and two analysts have given it “underperform” or “sell” ratings. Citigroup’s mean price target is $73.09 per share, implying a 3.5% rise from its current level.

Citigroup’s overall rating has remained stable over the past few quarters. Its “strong buy” and “buy” ratings fell from 18 in July 2017 to 17.

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Analysts’ views on peers

For Bank of America (BAC), 22 of the 30 analysts covering it gave “buy” or “strong buy” ratings in September 2017. Seven analysts gave the stock “hold” ratings, and one gave a “sell” rating. The bank is expected to see sequential and year-over-year growth in 3Q17.

Of the 28 analysts covering JPMorgan Chase (JPM), 14 rated it a “buy” or “strong buy,” while 12 analysts rated it a “hold,” and two rated it an “underperform” or “sell.” For Wells Fargo (WFC), 12 of the 30 analysts covering the stock gave it “buy” or “strong buy” ratings, while 14 analysts gave it a “hold” rating, and four gave it “underperform” or “sell” ratings. Together, Citigroup’s peers account for 29.2% of the Financial Select Sector SPDR ETF (XLF).


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