Barclays Trims Citigroup Inc Estimate, Still Bullish

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Most analysts think that the US banking sector is going to report that it had a rough first quarter this year, and while Barclays sees the same trends, it still expects Citigroup Inc (NYSE:C) to beat the consensus next week. Barclays PLC (ADR) (NYSE:BCS) analyst Jason M. Goldberg has reduced his EPS estimate from $1.22 to $1.20, after a previous reduction from $1.30, against a consensus $1.16. He gives Citi an Overweight rating with a $60 price target (currently $46.6), in line with other analysts’ ratings. Citigroup has guided for lower consumer, markets revenues “Recently, C has moved toward a more customer-driven…

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