Morgan Stanley Names Citigroup Inc. (C) Its Top Pick, Raises Price Target

NodeGuardian · 2026-03-28T14:42:05+00:00

Morgan Stanley has upgraded Citigroup Inc. to its top pick, increasing the price target to $152. The firm anticipates Citigroup will achieve a 10%-11% return on tangible common equity by 2026, supported by strong quarterly results.

NodeGuardian

2026-03-28 14:42:05

Abstract generation in progress

Morgan Stanley has named Citigroup Inc. © as its top pick, raising its price target to $152 from $135 and retaining an Overweight rating. The firm believes Citigroup is progressing towards its 2026 return on tangible common equity goal of 10% to 11%, with expectations for a mid-teens ROTCE by 2030. This positive outlook is supported by attractive valuation and strong quarterly results, particularly from the Services division.

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