UPDATE: Citigroup Upgrades Carlyle Group to Buy on Relative Valuation - Carlyle Group (NASDAQ:CG)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Citigroup upgraded Carlyle Group (NASDAQ: CG) from Neutral to Buy and raised the price target from $28.00 to $34.00.Citigroup said, "Upgrade reflects deeper analysis of relative valuation to both peers and implied multiple versus Traditionals as well as likely among best in-class yield potential. No question, CG, like most Alternatives, is off to a strong start in 2013, however, CG still screens inexpensively, in our view. We expect constructive strategic update in concert with 4Q earnings and further incremental organic growth opportunity following recent deals."Carlyle Group closed at $30.49 on Tuesday.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!