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citi raises efg international stock target to 15.70 francs after strong results

Citi analyst Nicholas Herman raised the price target for EFG International AG to CHF15.70 from CHF14.90, maintaining a Buy rating after strong FY24 results, particularly in net new assets and margin improvements. Despite a 3.5% drop in shares post-announcement, attributed to profit-taking, estimates for adjusted EPS from 2025 to 2028 were increased by 2-4%. EFG International remains Citi's top pick among Swiss banks, with projections for FY25 exceeding consensus by 16%.

Citi raises EFG International price target to CHF 15.70 after strong results

Citi analyst Nicholas Herman raised the target price for EFG International AG from CHF 14.90 to CHF 15.70, maintaining a Buy rating after the bank's unexpectedly strong FY2024 results. Despite a 3.5% decline in shares post-announcement, attributed to profit-taking, adjusted EPS estimates for FY2025 to FY2028 were increased by 2-4%. EFG International remains Citi's top pick among Swiss banks, driven by strong operating momentum and significant upside potential to consensus estimates.
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