Friday, May 21, 2010

"Raymond James Starts Citi (C) at 'Strong Buy', Sets $5.50 Price Target" (C)

In early trade the stock is down another penny at $3.62.
Yesterday in an unrelated post someone had a bit of fun at my expense:

"Is There Hope for Battery Maker A123?" (AONE)

I somehow managed to avoid this one [citigroup roundtrip $3.86 to $5 to $3.61? -ed]
Yes I like the stock* and no I didn't tell readers to bail.
From StreetInsider:
An analyst at Raymond James initiated coverage on shares ofCitigroup (NYSE: C) with a Strong Buy rating and $5.50 price target this morning.

The new buy recommendation comes as Citi shares have tumbled about 27% since the highs set in mid-April....MORE
"Soros unwound huge bet on Citi in first quarter" (C; XLF)

"Deutsche Bank Reiterates Buy on Citi; Meeting With CFO Reaffirms Confidence" (C)

"Goldman Needs New Leaders; Citi Could Hit $8.50: Bove" (C; GS)

"U.S. Treasury to Sell 1.5 Billion Shares of Citigroup Stock" (C)

"Citi's next stab at $5 might be the one that sticks" (C)

"Citigroup Options Become Crowd Favorite" (C)
(Many links)

"Citigroup Shares: Battling the $5 Barrier, Again" (C)