Citigroup Inc stock forecast 2012

Citigroup Inc stock forecast 2012 : Citigroup Inc. (C) is a financial services company. It has been given a buy rating by UBS and has been placed on its most-preferred list. Due to Citigroup’s substantial progress in building its capital, UBS believes that the company is in a good position to increase its dividends. Despite the economic slowdown, Citigroup is expected to capitalize on its long-run global demographic trends. The company has also disposed off its non-core assets.

UBS is of the opinion that Citigroup will continue to see strong trends in credit and a relatively less-exposed residential mortgage business. Shares of Citigroup are currently trading at $28.5 and are expected to reach $43, indicating a potential upside of 51%. Bill Ackman had nearly $700 million in Citigroup at the end of September. For the latest updates on the stock market, visit Stock Market Today

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