Citigroup (C) NewsBite - Deutsche Bank Rates Citigroup A Buy With $5.50 Price Target

Posted: Tuesday, October 13, 2009 12:15 PM EDT

Citigroup (NYSE: C) opened at $4.80. So far today, the stock has hit a low of $4.74 and a high of $4.88. C is now trading at $4.83, up $0.06 (1.26%). The stock hit its 52-Week high of $19.25 last October and set its 52-Week low of $.97 in March. Deutsche Bank initiated coverate on Citigroup today with a Buy rating and set a $5.50 price target on the stock. Technical indicators for the stock are bullish and S&P gives C a positive 4 STARS (out of 5) buy ranking. We will just watch this one for now. There are no hedged trades we like the look of for C. [ABR-Seven Summits Strategic Investments NewsBite]

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