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Analysts Are Finally Seeing the Light on Citi

By Jim Cramer

 About this article:
 Welcome aboard, Bank of America. Welcome to the legion of people who have figured out that the way to value Citigroup is through book value and that book value's just north of $5, your price target. I think all day people are going to be wondering about an analyst who goes from "sell" to "buy" on a stock. I think it's logical. Citigroup was either a buy or a sell. It was either going to make it or be Roubini'd -- turned into the First National Post Office and Bank. Once you knew it was out of the woods, once the conversion took place, once it was clear that the government wasn't going to confiscate it but flee it as soon as it can -- and at a profit that seems to grow by the day -- then you had to own it. It would have...

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