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NEW YORK (TheStreet) -- Citigroup (C) and Wells Fargo (WFC) top the latest big U.S. bank recommendations from Guggenheim Partners, according to a report from the father-and-son analyst team of Marty and Mason Mosby.
Citigroup and Wells both have 25% upside over the next 12 months, the Mosbys argue compared to less than 10% upside for Bank of America (BAC), Morgan Stanley (MS), First Horizon National Corp. (FHN), Huntington Bancshares (HBAN) and Zions Bancorp (ZION). The Mosbys see just 5% upside for the S&P 500 Index over the same period.
"Our analysis suggests WFC is better positioned to weather the current mortgage transition than the market expects and that C's capital markets business should rebound in 4Q13 and 1Q14," the Mosbys write.
His price target of $68 compares to his previous target of $64 and Monday's closing price of $52.62. Citigroup were down 16 cents to $52.46 in a few minutes after Tuesday's open. Wells Fargo shares closed at $44.18 Monday and were down two cents to $44.16 in early trading Tuesday. Mosby's 12-month price target is $56, up from $54 previously.
-- Written by Dan Freed in New York.