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Non-Tech : C (Citigroup) -- Ignore unavailable to you. Want to Upgrade?

To: Lynn who wrote (210)	3/31/2006 6:27:54 PM
From: Shawn Donahue	Respond to of 259

Turkey Viewed As 'Attractive' Market For Citigroup Maya Roney, 03.28.06, 11:22 AM ET [Lynn, Thanks for replying to me on this. I checked and see that Forbes sent me an article on this too, but I am behind on my reading. Regards, Shawn] Standard & Poor's Equity Research reiterated a "strong buy" opinion on shares of Citigroup in light of news that the company may submit a bid for Turkey's Finansbank. "We view Turkey as an attractive, high-growth market where Citigroup (nyse: C - news - people ) can build on its already fundamentally strong and geographically diverse banking business," wrote analyst Mark Hebeka in a research note Tuesday morning. According to press reports, the potential deal with Finansbank, Turkey's eighth largest bank by assets, is expected to be valued at approximately $5 billion and would represent the largest transaction since Charles Prince became Chief Executive Officer of Citigroup in October 2003. Hebeka's 2006 and 2007 operating earnings-per-share estimates for Citigroup remain $4.32 and $4.65. The analyst maintained a $55 price target on the stock. forbes.com