A number of stock research firms have changed their ratings and price targets for Citigroup (NYSE: C) during the last seven days:

  • Citigroup was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating.
  • Citigroup had its price target raised by analysts at Sterne Agee from $33.00 to $38.00. They now have a “neutral” rating on the stock.
  • Citigroup had its price target raised by analysts at JMP Securities to $26.00. They now have an “underperform” rating on the stock.
  • Citigroup had its “neutral” rating reaffirmed by analysts at JPMorgan Chase. They now have a $41.00 price target on the stock.
  • Citigroup had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $38.00 price target on the stock. Zacks‘ analyst wrote, “Citigroup Inc. reported impressive third quarter 2012 results. Earnings per share came in at $1.06 for the quarter, comfortably surpassing the Zacks Consensus Estimate of $0.98 and the year-ago quarter’s earnings of $0.84 per share. Positive results were driven by lower loan loss provisions, higher Global Consumer Banking revenues and a drop in expenses. Notably, results in the reported quarter were impacted by credit valuation adjustment (CVA) and debt valuation adjustment (DVA) as well as by loss related to Morgan Stanley Smith Barney (MSSB) joint venture. Citigroup’s underlying franchises of the consumer businesses have remained strong, but revenues have continuously been under pressure for the past several quarters. Considering the tepid economic recovery, we believe that robust top-line expansion will remain elusive in the near term. After reviewing the results, we are maintaining our Neutral recommendation on the shares.”
  • Citigroup was upgraded by analysts at Credit Agricole from an “underperform” rating to an “outperform” rating. They now have a $43.00 price target on the stock.
  • Citigroup had its price target raised by analysts at UBS AG from $36.00 to $39.00. They now have a “neutral” rating on the stock.
  • Citigroup had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a $44.00 price target on the stock.

Citigroup traded up 0.29% on Thursday, hitting $37.41. Citigroup has a 52-week low of $23.30 and a 52-week high of $38.72. The company has a market cap of $109.7 billion and a price-to-earnings ratio of 15.72.

Citigroup Inc. is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services.