Oppenheimer analyst Chris Kotowski upgraded shares of Citigroup, Inc (NYSE:C) to an Outperform rating and lifted the price target from $84 to $88. The analyst said that Citigroup, with a tangible book value of 0.59x, is still one of the cheapest banks on the market. He further noted that Citigroup’s underlying operating trends closely reflect its second-quarter full-year 2023 results, which beat Street consensus. Citigroup reported a 1% year-over-year decline in net revenue to $19.44 billion, be