Citigroup: Jefferies still a buyer, but cuts TP
(CercleFinance.com) - On Friday, an analyst at Jefferies confirms his "buy" recommendation on the Citigroup stock, although has said that he is reducing his target price (from 60 dollars to 52 dollars).
"Global uncertainty and low rates are headwinds, but the shift towards globalization is not abating despite the headlines," the broker says.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"Global uncertainty and low rates are headwinds, but the shift towards globalization is not abating despite the headlines," the broker says.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.