UPDATE: Citigroup Upgrades Sotheby's on New Picture of Long-Term Value Creation
September 24, 2013 at 10:13 AM EDT
In a report published Tuesday, Citigroup analyst Oliver Chen upgraded the rating on Sotheby's (NYSE: BID ) from Neutral to Buy, and raised the price target from $45.00 to $55.00. In the report, Citigroup noted, “We're upgrading BID to Buy as we do expect Sotheby's to evaluate & execute upon