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.
An analyst at Raymond James initiated coverage on shares ofCitigroup (NYSE: C) with a Strong Buy rating and $5.50 price target this morning.Previously:
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)
"Citigroup Shares: Battling the $5 Barrier, Again" (C)