Jim Cramer Discusses Barclays’ Coverage of Citizens Financial (CFG)

Core Viewpoint - Citizens Financial Group, Inc. (NYSE:CFG) is experiencing significant stock performance, with a 36% increase over the past year, attracting attention from various financial firms regarding its future prospects [2]. Group 1: Stock Performance and Analyst Ratings - Citizens Financial Group's shares have risen by 36% in the last year [2]. - Truist raised the share price target for Citizens Financial from $56 to $63 while maintaining a Hold rating [2]. - Raymond James downgraded the shares from Outperform to Strong Buy but increased the price target from $62 to $66, citing strong share price performance [2]. - Barclays raised its price target for Citizens Financial from $56 to $77 and upgraded the rating to Overweight, highlighting net interest margin expansion and private bank buildout as reasons for optimism [2]. Group 2: Commentary and Market Sentiment - Jim Cramer described Barclays' upgrade as an "oddity," noting the significant increase in stock price already [3]. - The company is recognized for its effective cost management, which could benefit its performance in the long term [2].