On September 25, Citi shares, valued at $187.7 billion, shot higher after striking a deal to sell a 25% Banamex stake for around $2.3 billion. TD Cowen reiterated its Hold rating on Citi with a $95 target, noting that the sale is a positive step toward simplifying the company’s model and trimming its worldwide operations. Banamex Stake Sale Pushes Citi (C) Higher, TD Cowen Reiterates Hold RatingKiev.Victor / Shutterstock.comThis sale is part of Citi’s broader push to retreat from legacy international markets, with leadership focusing on its goal of a full Banamex exit. In spite of the positive momentum, TD Cowen maintains a neutral outlook, cautioning investors that stablecoin adoption under the Genius Act could weigh on Citi’s Services arm. While we acknowledge the potential of C as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.