Banamex Stake Sale Pushes Citi (C) Higher, TD Cowen Reiterates Hold Rating

Group 1 - Citigroup Inc. has seen a significant increase in its stock value, with shares rising after the announcement of a deal to sell a 25% stake in Banamex for approximately $2.3 billion, valuing the company at $187.7 billion [1][3] - The sale is part of Citigroup's strategy to simplify its business model and reduce its international operations, aiming for a complete exit from the Banamex market [3] - Despite the positive developments, TD Cowen has reiterated a Hold rating on Citigroup with a target price of $95, indicating a cautious outlook due to potential challenges from stablecoin adoption under the Genius Act [1][3] Group 2 - Citigroup's shares have experienced a remarkable rally of 73.5% over the past year, significantly outperforming the industry median of 15%, suggesting that the recent stock strength may already reflect positive news [3] - While Citigroup is recognized as a potential investment, there are opinions that certain AI stocks may present greater upside potential with less downside risk [4]