UPDATE: Bank of America Raises PT on Citigroup on Strong Return Forecast

In a report published Thursday, Bank of America analyst Erika Najarian reiterated a Buy rating on Citigroup (NYSE: C ), and raised the price target from $58.00 to $61.00. In the report, Bank of America noted, “Despite recent underperformance and sell-side downgrades, we think C remains one of the most