Citigroup Shares Plunge 185 on 113B Turnover Ranked 71st as Analyst Slashes Price Target to 20

On August 15, 2025, Citigroup shares closed down 1.85% with a trading volume of $1.13 billion, ranking 71st in market activity. Analyst David Lebowitz revised his stance on the stock, downgrading it from "Buy" to "Neutral" and slashing the price target to $20 from $35. The move signals a shift in sentiment as the bank’s valuation advantage over peers has narrowed, prompting investors to recalibrate expectations.

Fitch Ratings affirmed Citigroup’s long-term ‘A’ rating with a stable outlook, citing progress in regulatory reforms and operational efficiency. The bank reported double-digit returns on tangible common equity for most segments in the first half of 2025, alongside a 4% decline in expenses. Strengthened risk management and improved asset quality were highlighted, though its medium-term profit targets remain below those of top-tier U.S. banks. Fitch noted that further profit growth and efficiency gains could lead to a positive rating adjustment.

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