Sotheby’s And Dan Loeb Battle Looks Good Says Citi – ValueWalk Premium

Sotheby’s And Dan Loeb Battle Looks Good Says Citi

Citigroup Inc (NYSE:C) reiterated a Buy rating on Sothebys (NYSE:BID) and put a price target of $55 on the company's stock in the wake of Dan Loeb's letter to the company. Oliver Chen, the analyst who authored the report, thinks that the shake up at the top may be a good way to add value to the auction house.

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