Jefferies analyst Ken Usdin upgraded Citi to Buy citing a better risk/reward following the recent pullback in shares. At current levels the stock is discounting bad news from the global macro slowdown, Usdin tells investors in a research note. Book value growth and better capital return should drive long-term value, the analyst argues. He cut his price target for Citi shares to $60 from $65. Credit Suisse analyst Susan Roth Katzk also upgraded Citi this morning to a buy. She has a $62 price target for shares. The bank closed Friday up $1.43 to $50.56.

Shares of Walmart-backed (WMT) Ibotta soared in their market debut, rising more than 30% and giving the digital marketing company a valuation of about $3. 55B... To see the rest of the story go to thefly.com. See Story Here