Deutsche Bank Boosts Price Target on Citigroup (C)

Deutsche Bank analysts believe that financial services company Citigroup Inc. (C) can exceed sales expectations and hit $6 per share earnings by 2015. As such, the analysts raised its price target.

The analysts maintain a “Buy” rating on Citi and now see shares reaching $53. This target suggests a 15% upside to Monday’s closing price of $46.24.

Citigroup shares were up 36 cents, or +0.78%, during morning trading on Tuesday. The stock is up +25.48% over the past year.

The Bottom Line
Shares of Citigroup (C) have a dividend yield of 0.09% based on Tuesday’s intraday trading price of $46.80 and the company’s annualized dividend payout of 4 cents per share.

Citigroup Inc. (C) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 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.

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