"Not as negative" is the headline comment from clsa bank analyst Mike Mayo following his meeting with Citigroup executives on Friday. Two years in the making, the meeting has sparked headlines and seems to have pushed the stock back over $4 per share. In his note published for clients today: "Citigroup-paradise list; will it be found?"... Mike is still wary as he continues to rate the shares "underperform" but, has raised the target price to $4 from $3.50.
Following are responses Mike Mayo sent in reply to questions submitted by our reporter, Mary Thompson.