Citigroup (C) News Today

Citigroup Inc. (NYSE:C) shares are trading with mixed sentiment amid a flurry of analyst actions and corporate updates. Investors are weighing positive developments—such as management appointments, strategic divestitures and promising transformation commentary—against a recent third-party downgrade.

• A Seeking Alpha report initiated coverage on Citigroup with a Buy rating, highlighting its disciplined expense management, aggressive $20 billion buyback plan and potential for outsized EPS growth as the ongoing transformation unfolds.
• Citigroup named Prashant Thakker as Head of Corporate Banking for South and Southeast Asia, bolstering leadership in a fast-growing region and reinforcing its push into key emerging markets.
• The bank’s Polish unit, Citi Handlowy, agreed to sell its consumer banking business to Velobank, a move that frees up capital and allows Citigroup to focus on higher-return corporate and institutional activities.
• Citigroup analysts at Citi raised their short-term gold price target by 11% to $3,500 an ounce, reflecting the firm’s strong research franchise and signaling continued demand for bullion amid global uncertainty.
• Citi’s research team initiated a Buy rating on cross-border payments specialist DLocal (DLO), underlining Citigroup’s own ability to identify growth opportunities and add to its fee-based revenue streams.
• In its latest research note, Citigroup maintained a Hold rating on Salesforce (NYSE:CRM) but trimmed its price target, illustrating cautious optimism about CRM’s long-term prospects while highlighting near-term valuation pressures.
• Wall Street Zen downgraded Citigroup shares to a Sell rating, citing concerns over regulatory headwinds and slower growth in key segments, which put downward pressure on the stock today.