Barclays upgraded Citigroup to overweight by Investing.com.

Investing.com — Barclays has improved. Citigroup Inc (NYSE: ) was rated “overweight” at a key checkpoint as the company heads into 2025, not fully captured by Citigroup’s discount valuation compared to peers.

“We are drawn to C because its recent actions will allow it to generate more consistent high-quality earnings,” the analyst said. The bank has reduced its international exposure and prioritized efficiency.

Barclay ( LON: ) has set a price target of $95, which could be $102 if economic conditions improve. This decline depends on a favorable backdrop of low interest rates, low net charges and controlled costs. The brokerage expects Citigroup’s earnings to reach $10 per share by 2026 in this scenario.

However, the downside is $60, associated with headwinds. These include worsening U.S. consumer economic conditions, particularly on credit cards, and higher-than-expected license-related costs, which could lower 2026 EPS to $7.50.

Barclays pointed to risks from Citigroup’s significant international exposure, particularly in markets with economic and political uncertainty.