Citigroup (NYSE:C) Boosts S&P 500, DJIA Estimates for 2011

Citigroup (NYSE:C) has come out swinging as a bull in the first trading day of 2011, with their latest projections a major increase in their estimates for the S&P 500 and Dow Jones Industrial Average.

For the Dow, they raised their 2011 target from 12,200 to 13,150, which would be about a 12 percent increase.

For the S&P 500, they jacked that up from 1,300 to 1400, a boost of about 11 percent.

The Dow and the S&P 500 soared to close out 2010, with the Dow soaring by 6.4 percent and the S&P 500 by 8 percent.