UPDATE: Citigroup Upgrades The Carlyle Group on Multiple Positive Factors

In a report published Thursday, Citigroup analyst William R. Katz upgraded the rating on The Carlyle Group (NASDAQ: CG ) from Neutral to Buy, and raised the price target from $34.50 to $40.00. In the report, Citigroup noted, “We upgrade our investment opinion to Buy from Neutral, lift our 12-month