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Citigroup downgraded at Jeffries as path to ROTCE target looks long

Mar. 07, 2022 8:01 AM ETCitigroup Inc. (C)By: Liz Kiesche, SA News Editor7 Comments

Citi headquarters in London

_ultraforma_/iStock Unreleased via Getty Images

Citigroup (NYSE:C) stock falls 2.5% in premarket trading after Jefferies analyst Ken Usdin downgrades the stock to Hold from Buy after the bank unveiled new targets at its investor day on March 2.

"The new

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Comments (7)

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Watching now....The dividend at these levels is getting very nice while you wait for much higher prices.

I may pull the trigger on a starting position.

Edit: started a small position in the $ 54's
Real007 profile picture
C says its exposure in Russia is $10B --- don't believe they've factored in all the risks.

greg24211 profile picture
@Real007 I believe it was 10B in total assets held - of which I believe they hold almost 2T in assets - which is almost a rounding error
very strong buy for long term imo/ well paid to wait for 120 usd a share... When all is good in 2023 it wil already be too late and these clowns will be upgrading at 110
Nathan Buehler profile picture
The stock will remain handicapped for some time. It's a 2-3 year hold. I'm accumulating and reinvesting from here.
I take this downgrade as a cue to buy.

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