Reported 3 days ago
Wells Fargo has identified Citigroup as its 'dominant pick' among large-cap banks, predicting that its stock could double in value over the next three years due to increasing profits and improved management accountability from a significant reorganization. The brokerage raised its price target for Citi from $95 to $110 while maintaining an 'overweight' rating, highlighting the bank's undervaluation relative to peers. Analysts view 2024 as a pivotal year for Citi, with expectations that the bank will enhance its efficiency and profitability.
Source: YAHOO