Truist Raises PT on Citigroup Inc. (C) Keeps a Buy

Citigroup Inc. (NYSE:C) is one of the Blue Chip Stocks to Buy with the Lowest PE Ratios. On September 3, Truist analyst John McDonald raised the firm’s price target on Citigroup Inc. (NYSE:C) from $99 to $105, while keeping a Buy rating on the shares.

The analyst noted that the company’s shares have struggled since the financial crisis because its ROTCE has not stayed above 10% consistently. This has set a high execution bar for Citigroup Inc. (NYSE:C) to meet its revenue and expense targets.

However, despite these challenges, McDonald believes that the company has a credible plan to improve its profitability. He also appreciated management’s efforts towards simplifying the business and satisfying regulators.

Citigroup Inc. (NYSE:C) exceeded Wall Street expectations during its fiscal second quarter of 2025. The company posted a revenue of $21.67 billion, up 7.59% year-over-year and ahead of expectations by $706.36 million. Moreover, the EPS of $2.04 also topped the consensus by $0.45.

Citigroup Inc. (NYSE:C) is a global financial services company offering various banking and investment products.

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Disclosure: None. This article is originally published at Insider Monkey.