Execution at Citigroup (C -1.3%) remains a problem, CLSA analyst Mike Mayo says, but he raises...

|About: Citigroup Inc. (C)|By:, SA News Editor

Execution at Citigroup (C -1.3%) remains a problem, CLSA analyst Mike Mayo says, but he raises his target price to $4/share from $3.50. The good news is that Citigroup is looking more and more like the old, slimmed-down “good bank,” with unique “breadth and depth.” Mayo met with CEO Vikram Pandit and CFO John Gerspach after a long-running feud.