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Fly News Breaks for July 16, 2019
C
Jul 16, 2019 | 06:30 EDT
Keefe Bruyette analyst Brian Kleinhanzl raised his price target for Citi to $74 from $71 while reiterating a Market Perform rating on the shares following yesterday's Q2 results. The analyst says that while the results missed his estimates, management's reiteration of guidance on the earnings conference call was enough for shares to be relative outperformers versus peers yesterday. He wants to see "material" earnings upside before becoming more constructive on Citi shares.
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