Sometimes it’s easy to dismiss the opinion of a single stock analyst. However, a number of analysts now believe that Citigroup (C), Delta Air Lines (DAL) and LinkedIn (LNKD) all have at least 25% upside from current levels.
Citigroup (C)
The financial sector has been one of the hardest-hit sectors in the last year. Even the Federal Reserve’s highly-anticipated rate hike in December didn’t go as planned. International weakness in China and elsewhere has now put a halt to the tightening schedule, which means bank margins will continue to be under pressure.
As a result, Citigroup, which was already trading well below book value, is down another 12% this year and now trades at a forward P/E of only 8.3.
Wall Street analysts seem to recognize the value in Citigroup’s stock. The 26 analysts covering Citigroup have an average price target of nearly $57, implying roughly 25% upside from recent levels. Just one month ago, Barclays analyst Jason Goldberg reiterated his “Buy” rating on Citigroup and adjusted the firm’s price target to $60.
In Late February, Credit Suisse also reiterated its “Buy” rating and $57 target for Citigroup.
Delta Air Lines (DAL)
Airlines are…
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