Kimberly-Clark: Citigroup maintains Sell rating, lowers PT to $113.

Kimberly-Clark: Citigroup maintains Sell rating, lowers PT to $113.

Citigroup Inc. (NYSE:C) has rejected an offer from Grupo Mexico (OTCPK:GMBXF) to acquire its Banamex retail business, the bank announced on Thursday. After careful consideration, Citigroup advised Grupo Mexico that the offer was rejected, citing financial considerations and transaction certainty as key factors Citigroup denies Grupo Mexico's bid for Banamex^[1].

The rejection comes after Citigroup agreed to sell a 25% stake in Banamex to local businessman Fernando Chico Pardo and his family for $2.3B last month. Grupo Mexico subsequently offered to buy the entire Banamex for approximately $9.3B. Citigroup believes that the previously announced transaction and planned IPO will maximize shareholder value Citigroup denies Grupo Mexico's bid for Banamex^[1].

Separately, Citigroup has maintained its Sell rating on Kimberly-Clark (NYSE:KMB) and lowered its price target to $113, reflecting the company's concerns about the consumer goods sector's performance and the potential impact of rising interest rates on consumer spending Citigroup Set to Report Q3 Earnings: How to Approach the Stock Now?^[2].

Citigroup is scheduled to report its third-quarter 2025 results on October 14, 2025. The bank's earnings are expected to show strong growth in net interest income (NII), non-interest revenues, and investment banking (IB) revenues, driven by stable funding costs, increased lending activity, and robust M&A deal-making Citigroup Set to Report Q3 Earnings: How to Approach the Stock Now?^[2].