🚀 June’s AI-picked stocks soar, with Adobe +18.1% in 11 days. Don’t miss July’s upcoming picks.Unlock full list

These Analysts Increase Their Forecasts On Citigroup After Strong Earnings

Published 16/10/2023, 18:11
© Reuters.  These Analysts Increase Their Forecasts On Citigroup After Strong Earnings
C
-

Benzinga - by Lisa Levin, Benzinga Editor.

Citigroup Inc (NYSE: C) reported better-than-expected earnings for its third quarter on Friday.

Citigroup reported a third-quarter FY23 net revenue increase of 9% year-over-year to $20.14 billion, beating the consensus of $19.32 billion. EPS of $1.63 beat the consensus of $1.21.

Citigroup shares fell 1% to trade at $41.01 on Monday.

These analysts made changes to their price targets on Citigroup following earnings announcement.

  • BMO Capital increased the price target on Citigroup from $61 to $66. BMO Capital analyst James Fotheringham maintained an Outperform rating.
  • Oppenheimer boosted the price target on Citigroup from $81 to $82. Oppenheimer analyst Chris Kotowski maintained an Outperform rating.
Check This Out: Top 3 Health Care Stocks That May Implode This Quarter

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.