Analysts fell to the sidelines weighing in on First Republic Bank (NYSE:FRC) and Citigroup (NYSE:C) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
First Republic Bank (FRC)
In a report released today, Lana Chan from BMO Capital maintained a Hold rating on First Republic Bank, with a price target of $102. The company’s shares closed on Friday at $97.74.
According to TipRanks.com, Chan is a 4-star analyst with an average return of 12.2% and a 66.1% success rate. Chan covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, Huntington Bancshares Inc, and TCF Financial Corporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Republic Bank with a $105.29 average price target, a 7.7% upside from current levels. In a report issued on July 13, Sandler O’Neill also reiterated a Hold rating on the stock with a $102 price target.
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Citigroup (C)
In a report released today, James Fotheringham from BMO Capital maintained a Hold rating on Citigroup, with a price target of $85. The company’s shares closed on Friday at $67, close to its 52-week low of $64.38.
According to TipRanks.com, Fotheringham is a 5-star analyst with an average return of 16.5% and a 80.3% success rate. Fotheringham covers the Financial sector, focusing on stocks such as Discover Financial Services, Goldman Sachs Group Inc, and Credit Acceptance Corp.
Currently, the analyst consensus on Citigroup is a Strong Buy with an average price target of $83.50.
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