(CercleFinance.com) – Citigroup drops nearly 3.5% in Paris, while this morning Credit Suisse reaffirmed its ‘outperformance’ opinion on the stock while reducing its price target, from 76 to 72 dollars, in the wake of a lowering of its EPS estimates to $7.50 for 2022 and eight dollars for 2023 (from $7.80 and $8.25 previously)
“The visibility on the results remains below average”, judges the broker who expects “more clarity around the expenses (transformation expenses and associated savings, investments in support of growth) on the day investors”.
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