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Fly News Breaks for September 28, 2015
C
Sep 28, 2015 | 05:40 EDT
Credit Suisse analyst Susan Roth Katzke upgraded Citi to Outperform saying the current valuation more adequately reflects her concerns. Further, Citi has the "capacity for a material step up in capital return," Katzke tells investors in a research note. The analyst believes capital management and valuation will drive Citi shares higher in the near-term. She keeps a $62 price target for the stock. The bank closed Friday up $1.43 to $50.56.
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