Citigroup analyst Peter Lee maintained a Buy rating on Samsung Electronics but lowered his 2026 price target by 6.3% to 300,000 won from 320,000 won, reflecting growing near-term concerns over a potential union strike between May 21 and June 7. Citi cut Samsung’s operating profit forecasts by 10% for this year and 11% for next, citing risks from rising labor costs and performance bonuses.

Citigroup’s fixed-income trading desk is monitoring the US Treasury’s upcoming quarterly refunding statement, which reiterates no increase in note and bond issuance for several quarters but signals evaluation of future auction rises. The focus on bills to fund a near-$2 trillion annual deficit could drive volatility and trading volumes.

Citigroup is among banks likely gearing up for Cerebras Systems’ planned IPO, which could raise up to $3.5 billion. The deal would bolster Citigroup’s equity capital markets business, adding a sizable technology offering to its pipeline.