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Dick Bove Angry, Takes It Out on Citi Again

Tyler Durden's picture




 

Ladenburg analyst Dick Bove (who understandably underestimated the stupidity of the Treasury and on Sept. 12 stated his belief that "Banc of America will win the auction for Lehman Brothers.") has just whacked his target price for Citi from $14 to $6, and is projecting a 2009 loss of ($1.45), a whole buck lower than consensus estimates. Vik Pandit couldn't care less, as he is currently putting the finishing touches on his resume, and spinning his Old Lane experience in a favorable light.

 

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