A sell-side fundamental analyst has downgraded Citicorp (C) but it has been weakening for the past six months. In our last review of C on October 11, we wrote that "Traders could go long C at current levels. You may not get a dip to buy. Risk to $66 for now. Add to longs on strength above $75.21. Our price targets are $86 and then $136 for now."
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