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Some investors think the stock is a buy right now after the recent earnings report.
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Asia shares join global rebound on easing of Fed hike fears, China tech boost By Reuters Investing.comStock Market Today: Dow, S&P Live Updates for May. 27, 2022 BloombergWorld stocks eye first weekly gain in eight weeks, dollar hits 1-mth low ReutersAsian shares' rise broadly cheered by US earnings, rally The Associated PressAsian markets rise, encouraged by earnings and Wall Street's rally MarketWatchView Full Coverage on Google News
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 Credit Suisse analysts Susan Roth Katzke and Jill Shea on Friday downgraded shares of Citigroup Inc. to neutral from outperform after the stock has risen 15% from its recent lows and climbed to within 10% of their $58 a share target price. "We realize that the downside to C shares may prove more limited given a valuation within reach of prior cyclical troughs; but we believe the upside, relative to peers, will also prove more limited given the long road ahead in Citi's transformation process," analysts said. Credit Suisse reiterated its 2022 earnings target of $6.25 a share and its 2023 earnings target of $6.95 a share for Citi. The targets do not include net gains on sales or incremental restructuring costs. The 2024 earnings target of $8.55 a share, if achieved by Citi, will translate to a return on tangible equity (ROTE) of about 8%. Citigroup shares fell 1.3% on Friday. The stock is down 11.6% so far in 2022 compared to a 9.9% loss by the Financial Select Sector SPDR ETF .
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Stock Market Moves Higher as S&P 500, Nasdaq Rise The Wall Street JournalStock market news live updates: Stocks surge as relief rally gains steam on upbeat earnings Yahoo FinanceWall Street climbs, on track to break 7-week losing streak The Associated PressGap, Workday, Big Lots Fall Premarket; Ulta Beauty, Dell Rise By Investing.com Investing.comBoeing, Goldman Sachs share gains contribute to Dow's nearly 450-point rally MarketWatchView Full Coverage on Google News
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 Shares of Big Lots Inc. sank Friday, toward the sharpest selloff in more than two years, after the discount home essentials retailer reported a surprise fiscal first-quarter loss and a big same-store sales miss, as higher gas prices hurt customer spending.
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