02:40 PM EDT, 06/25/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our target by $8 to $93 using forward P/E of 10.3x our 2026 earnings estimate, near the five-year average of 10.4x and below the three-year average of 11.5x. Our target P/E multiple is still on the lower end of the range of global U.S. bank peers. Also, our $93 target reflects a forward price/tangible book value of 1.1x, while peers trade at higher multiples. We think C deserves to be valued at or above book value given its successful transformation into a leaner and focused bank. We see upside from the current share price to our target with C's leading position in Treasury and Trade Solutions (TTS) and Securities Services. We keep our 2025 EPS estimate at $7.55 and increase 2026's by $0.20 to $9.00, versus consensus estimates of $7.35 and $9.35, respectively. Our risk assessment reflects our view of C's exposure to uncertain credit conditions in domestic and international markets, offset by the many improvements C has made to capital levels, credit quality, and earnings stability.