NEW YORK (TheStreet) -- UBS increased its price target on Citigroup (C) to $61 from $60 and set a "buy" rating. The firm made a valuation call based on the bank's strong EPS forecast and increased capital ratios.
The stock was up 0.74% to $48.78 in pre-market trading on Tuesday.
Must Read: Warren Buffett's 25 Favorite Stocks
Separately, TheStreet Ratings team rates CITIGROUP INC as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate CITIGROUP INC (C) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
You can view the full analysis from the report here: C Ratings Report