Bank of America/Merrill Lynch Adds Citigroup to its US 1 List (C)

On Monday analysts at Bank of America/Merrill Lynch added Citigroup Inc. (C) its US 1 List, a list that identifies stocks with growth potential.

BOA/ML gives Citigroup a price target of $45, a +25.2% upside from Friday’s closing price of $35.93.

The analysts noted that Citigroup trades at a discount compared to its peers and that recovery is clearly is on its way.

Citigroup shares were up 36 cents, or +1.00%, in premarket trading on Monday.

The Bottom Line
Shares of Citigroup (C) have a .11% dividend yield, based on Friday’s closing stock price of $35.93. The stock has technical support in the $32-$34 price area. If the shares can firm up, we see overhead resistance around the $38-$39 price levels.

Citigroup Inc. (C) is not recommended at this time, holding a DARS™ Rating of 3.0 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here