TD Cowen Reiterates a Hold Rating on Citigroup Inc. (C)

Citigroup Inc. (NYSE:C) is one of the best large cap value stocks to buy now. TD Cowen analyst Steven Alexopoulos reiterated a Hold rating on Citigroup Inc. (NYSE:C) on September 25, setting a price target of $95.00.

The same day, Citigroup Inc. (NYSE:C) reported that it is collaborating with Dandelion to enable “near-instant, full-value cross-border payments directly into digital wallets” across the world, employing Dandelion’s extensive digital wallet network and Citigroup Inc.’s (NYSE:C) WorldLink® Payment Services.

Management reported that the collaboration will launch in Indonesia, the Philippines, Colombia, and Bangladesh, bolstering the company’s offering and facilitating faster and more cost-effective business-to-consumer payments.

Headquartered in New York, Citigroup Inc. (NYSE:C) provides financial products and services. Its operations are divided into the following segments: Services, Markets, Banking, Wealth, US Personal Banking (USPB), and All Other.

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Disclosure: None. This article is originally published at Insider Monkey.