Movement Alert｜Citigroup Falls 3.05% in Regular Trading, Target Cut by BofA Securities Amid Sector-wide Weakness
Market Focus
Yesterday
On October 7, Citigroup fell 3.05% in regular trading, trading at $125.03 per share, with turnover of $86.326 million.
The decline followed BofA Securities lowering its price target on Citigroup from $176 to $160, while the FactSet consensus average target stands at $154.09. The target cut exerted direct pressure on the stock. Broader sector weakness compounded the move, with JPMorgan Chase down 1.49%, Bank of America down 1.77%, and Wells Fargo down 1.34%, amplifying the intraday sell-off.
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