February 6, 2013
06:12 EDT CG, APO, BX, KKR Carlyle Group upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Carlyle Group (CG) citing valuation and the company's yield potential. The firm raised its price target for shares to $34 from $28. Citi also raised its price target for peers, including Apollo Global (APO) to $25 from $21, Blackstone (BX) to $24 from $23.50, and KKR & Co. (KKR) to $22 from $20.