By: Benzinga
UPDATE: Citigroup Upgrades Carlyle Group to Buy on Relative Valuation
Citigroup upgraded Carlyle Group (NASDAQ: CG ) from Neutral to Buy and raised the price target from $28.00 to $34.00. Citigroup said, "Upgrade reflects deeper analysis of relative valuation to both peers and implied multiple versus Traditionals as well as likely among best in-class yield potential. No question, CG,
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