Citigroup price target raised to $48 from $44 at RBC Capital

theflyonthewall.com

RBC Capital increased its target on Citigroup as the firm expects the stock to be supported by cost cutting and the continued recovery of the U.S. economy. The firm reduced its estimates on Citigroup to reflect lower expected capital markets revenue from fixed income trading, but it maintains an Outperform rating on the stock.

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