Oppenheimer Says Citigroup (NYSE:C) Worth Over $5 A Share

Citigroup (NYSE:C) has pushed up slightly today as Oppenheimer analyst Chris Kotowski said the company was worth more than $5 a share.

In a note to clients, Kotowski said, "There is good reason to believe that Citi Holdings can be wound down without undue further damage to shareholders and that the remaining businesses in Citicorp are worth over $5 per share."

Concerning the overall businesses of the bank, Kotowski added, "While we think Citi's U.S. consumer franchise still faces some challenges, we think it looks very much like Capital One, and should be valued accordingly and that Citi's Asian and Latin American businesses are growing nicely and should be valued accordingly as well."

Oppenheimer maintains their "Outperform" rating on the stock, which was trading at $4.22, gaining $0.07,or 1.81 percent as of 1:43 PM EST. They have a price target of $5.20 on them.