Citigroup (NYSE: C) has hovered between $50.94 and $52.10
per share for the first half of September with no major news to be reported. Similarly
to PNC, the decrease from a high of $57.77 in August was due to overreaction by
the markets. Despite the Financial Sector being hit the hardest by the fall-out
in late August, Wall Street anticipates a strong Citigroup recovery, with the
median analyst price target being $65.00 per share. This is very similar to our
current price target of $65.77 per share. Citigroup will report third quarter
earnings on October 15th.
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