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Fly News Breaks for January 15, 2020
Jan 15, 2020 | 08:32 EDT
BMO Capital analyst James Fotheringham raised his price target to $97 and kept his Outperform rating on Citi after its revenue-driven Q4 beat, with the new price target also reflecting the one-quarter roll in his valuation model. The analyst notes that while the large U.S. financials have recently re-rated, he believes that Citi shares have further room to run, trading at at a 12% discount to their long-term historical average multiple of 9.5-times his expected two-year forward rolling earnings.
News For C From the Last 2 Days
Feb 19, 2020 | 06:28 EST
Citi (C) and Deutsche Bank (DB) are in talks with other banks to sell roughly $9B in debt Dubai raised to take full control of DP World and refinance borrowings of Dubai World, Reuters' Davide Barbuscia and Saeed Azhar report, citing sources familiar with the matter. Citi and Deutsche Bank are looking to decrease their exposure by distributing the debt, according to the sources. Reference Link