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Oppenheimer Sticks to Their Buy Rating for Citigroup (C)


In a report released today, Chris Kotowski from Oppenheimer maintained a Buy rating on Citigroup (NYSE: C). The company’s shares closed yesterday at $68.38.

According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 9.7% and a 61.2% success rate. Kotowski covers the Financial sector, focusing on stocks such as Eagle Point Credit Company Inc, Great Elm Capital Corporation, and Fidus Investment Corporation.

Currently, the analyst consensus on Citigroup is a Moderate Buy with an average price target of $83.50, which is a 22.1% upside from current levels. In a report issued on September 27, Deutsche Bank also maintained a Buy rating on the stock with a $82 price target.

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Based on Citigroup’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $24.92 billion and net profit of $4.44 billion. In comparison, last year the company earned revenue of $22.73 billion and had a net profit of $4.08 billion.

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