NEW YORK ( TheStreet) -- Morgan Stanley (MS - Get Report) analyst Betsy Graseck upgraded Citigroup (C - Get Report) to "overweight" from "equal-weight" and gave the bank a $6 price target, according to a note issued Friday.
The upgrade was due to the pace at which Citigroup is divesting non-core assets, the fast growth of its international business and the increase in capital returns shareholders.
"We now estimate a 6.75 year wind down, below our 9.25 year estimate," said Graseck in a note. "As a result, the
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