UPDATE: Deutsche Bank Downgrades Citigroup on Expected Impact of Fed Taper
December 05, 2013 at 08:20 AM EST
In a report published Thursday, Deutsche Bank analyst Matt O'Connor downgraded the rating on Citigroup (NYSE: C ) from Buy to Hold, and lowered the price target from $61.00 to $56.00. In the report, Deutsche Bank noted, “While the timing is uncertain, most expect the Fed to slow its bond