Citigroup has had a fluctuating phase with its investment perspective towards different sectors and companies. The financial giant downgraded Chinese stocks and upgraded Indian ones based on earnings outlooks. Further, several stocks like
Palantir, Wynn Resorts, and Spotify Technology were favored with raised price targets. However, others like
Redfin and Ovid Therapeutics had their price targets lowered due to varying reasons. In a somewhat contradictive scenario, while Citigroup's own stock underperformed in comparison to competitors on certain days, it also outperformed on other days. The company sold Vodafone Idea shares worth over
Rs 233 crores indicating a strategic shift in their portfolio. Despite a negative sentiment model suggesting a potential decline, recommendations from Citigroup indicated a bullish outlook on bank stocks and encouraged focus on income stocks with dividends. Amidst the fluctuations, some analysts maintain positivity around Citigroup's stock predicting a run towards triple-digit valuations. Lastly,
Citigroup is under the spotlight with sexual harassment allegations and being investigated on bullying claims.
Citigroup Stocks News Analytics from Tue, 02 Jan 2024 08:00:00 GMT to Fri, 10 May 2024 10:40:48 GMT -
Rating -1
- Innovation -2
- Information 4
- Rumor -7
