Citigroup’s stock wins another upgrade as analysts cheer turnaround plan

Citigroup Inc. has drawn an upgrade to buy from hold at CFRA Research as the bank’s turnaround plan under Chief Executive Jane Fraser drew praise. CFRA analyst Kenneth Leon said Citigroup C, -1.02%is currently trading at a discount to its peers and that the bank’s effort to cut costs and focus on its core areas of strength should drive increased profitability and better free cash flow. “We see C executing its strategy to streamline the bank and drive growth in areas where