ValueAct's Morfit says Citigroup is positioned for growth, sees higher share price

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“The upside is very compelling,” Mason Morfit, ValueAct’s chief executive officer and chief investment officer said about Citi, which his firm has owned since 2018, at the 13D Monitor Conference on Thursday.

He forecast the stock price, currently trading at $44.91, could jump to $80 in the near term and rise more to hit $150 over time.

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