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Actionable news in C: CITIGROUP Inc,

Citigroup: Too Much…Or Not Enough?

Over the weekend, Barron'sAndrew Baryoffered a bullish take on Citigroup (C). His argument was quite simple: Citigroup has offered a plan to grow its earnings to $9 a share by 2020, but still trades at just 1 time tangible book value, versus JPMorgan Chase's (JPM) 1.7 times. If Citigroup hits its targets, the stock could gain another 50%.

This morning, however, we woke up to find that BMO's James Fotheringham and Joseph Recendez had not only downgraded Citigroup, but had upgraded...