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Why This Citigroup Analyst Believes The Stock Has Reached An ‘Attractive Entry Point’

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Shares of Citigroup Inc (NYSE: C) were climbing in early trading on Wednesday.

Although banks had a healthy start to the year, industry-related issues have stroked fears again and given investors “reason to disengage,” according to Piper Sandler.

The Citigroup Analyst: Piper Sandler’s Scott Siefers upgraded the rating for Citigroup from Neutral to Overweight, while raising the price target from $56 to $63.

The Citigroup Thesis: Another industry “speedbump” has driven investors to take profit following a three-month …

Full story available on Benzinga.com

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