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Analysts Are Polarized On U.S. Steel
Wednesday, January 28, 2015 - 3:09pm | 497Read More...Shares of United States Steel Corp (NYSE: X) plunged more than nine percent on Friday after Goldman Sachs analysts reduced its iron ore outlook for 2015, lowering the forecasted price from $80 to $66 per metric ton. Shares of U.S. Steel finished the week at new 52-week lows, but the stock...
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Citigroup Offers 5 Reasons Why Apple Will Trade Even Higher
Wednesday, January 28, 2015 - 10:25am | 645Read More...Jim Suva of Citigroup on Wednesday commented in a note that there are five reasons why shares of Apple Inc. (NASDAQ: AAPL) will continue trading higher following its better-than-expected quarterly report on Tuesday. 1. Device Acceleration. As wireless carriers shift to a move that allows...
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UPDATE: Citigroup Downgrades Agios Pharmaceuticals As Valuation Is Stretched
Wednesday, January 28, 2015 - 9:43am | 208Read More...In a report published Wednesday, Citigroup analyst Yaron Werber downgraded the rating on Agios Pharmaceuticals (NASDAQ: AGIO) from Buy to Neutral, but raised the price target from $93.00 to $137.00. In the report, Citigroup noted, “We are raising our AGIO target price to $137 based on recent...
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Citigroup Ponders How Results From Namenda Survey Might Affect Actavis
Tuesday, January 27, 2015 - 10:48am | 141Read More...In a report published Tuesday, Citigroup analyst Liav Abraham reiterated a Buy rating and $310.00 price target on Actavis PLC (NYSE: ACT). In the report, Citigroup noted, “Feedback from a physician survey we conducted confirms our view that the trajectory of ACT's Namenda franchise in 2016 and...
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Citigroup Remains Bullish On Seagate Technology Following Q4 Print
Tuesday, January 27, 2015 - 10:43am | 223Read More...Joe Yoo of Citigroup reiterated a Buy rating on shares of Seagate Technology PLC (NASDAQ: STX) following its fourth-quarter results with a price target lowered to $70 from $74. Yoo notes that the company's quarterly results were “generally in line with expectations” with a 1...
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IPO Outlook: Shake Shack IPO Set To Wrap Up Busy Week
Tuesday, January 27, 2015 - 8:25am | 1297Read More...Shake Shack (NYSE: SHAK) will be this week’s highlight IPO if its 5 million-share offering raises the expected $92 million in proceeds. With a price between $14 and $16, the company will be valued at nearly $570 million. Shake Shack describes itself as “a modern day '...
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Citigroup Downgrades Trinseo On Stronger Dollar, Chain Destocking
Monday, January 26, 2015 - 12:37pm | 255Read More...P.J. Juvekar of Citigroup on Monday downgraded shares of Trinseo S.A. (NYSE: TSE) to Neutral from Buy with a price target lowered to $17 from a previous $19 following commentary from Celanese Corporation (NYSE: CE) that it expects lower earnings due to a strong dollar and destocking in the...
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Citigroup Initiates Aruba Networks At Neutral
Monday, January 26, 2015 - 10:09am | 63Read More...Analysts at Citigroup initiated coverage on shares of Aruba Networks, Inc. (NASDAQ: ARUN) with a Neutral rating. The target price for Aruba Networks is set to $20. Aruba Networks shares have dropped 17.22% over the past 52 weeks, while the S&P 500 index has gained 15.17% in the same period....
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Citigroup Sees Yahoo Returning To Growth
Monday, January 26, 2015 - 9:58am | 195Read More...In a report published Monday, Citigroup analyst Mark May reiterated a Buy rating and $63.00 price target on Yahoo! Inc. (NASDAQ: YHOO). In the report, Citigroup noted, “As Yahoo! is expected to soon shed more light on the spin-off of its stake in BABA and as that spin-off likely occurs in 2H15, the...
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UPDATE: Citigroup Upgrades Coty As Bad News Is Largely Priced Into Stock
Thursday, January 22, 2015 - 9:54am | 121Read More...In a report published Thursday, Citigroup analyst Wendy Nicholson upgraded the rating on Coty Inc (NYSE: COTY) from Neutral to Buy, and raised the price target from $19.00 to $22.00. In the report, Citigroup noted, “COTY's stock has fallen 9% YTD, giving back some of its late 2014 strength, as...
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FXCM Up 30% Amid Upgrade, Possible Short Squeeze
Wednesday, January 21, 2015 - 12:09pm | 157Read More...FXCM Inc (NYSE: FXCM) moved nearly 40 percent higher Wednesday amid an upgrade from Keefe, Bruyette & Woods which indicated that its the financing deal with Leucadia would enable it to resume normal operations. Following the recent move in the Swiss franc and the firm’s subsequent...
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Citigroup: BlackBerry Won't 'Go For The Gold' In Fiscal 2016
Tuesday, January 20, 2015 - 11:43am | 275Read More...Ehud Gelblum of Citigroup on Tuesday lowered BlackBerry Ltd's (NASDAQ: BBRY) February quarter estimates based on lower device shipments. At the same time, the analyst's fiscal 2016 is “not enough likely to go for the gold” as it factors in a slower ramp of Software revenues...
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Citigroup: Stronger Volume, Competition Should Weigh On Verizon's Q4 And 2015 Results
Tuesday, January 20, 2015 - 11:03am | 190Read More...Michael Rollins of Citigroup on Tuesday that Verizon Communications Inc. (NYSE: VZ) strategy of focusing on postpaid accounts and leading network quality is commendable, but the costs of competition and capacity are not fully “encapsulated” in consensus estimates for earnings per share in the...
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Citigroup Reduces FXCM's Price Target, Maintains At Sell/High Risk Rating
Tuesday, January 20, 2015 - 10:31am | 137Read More...William Katz of Citigroup on Tuesday maintained a Sell/High Risk rating on shares of FXCM Inc (NYSE: FXCM) with a price target lowered by $4.25 to $0.75 following details that emerged over the weekend of Leucadia's $300 million rescue package. Katz notes that the “onerous” terms include an annual...
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Citigroup's Top Financial Picks Heading Into Earnings Season
Wednesday, January 14, 2015 - 2:16pm | 222Read More...Keith Horowitz of Citigroup on Tuesday listed his top financial picks across the financial sector. Horowitz prefers owning shares of Goldman Sachs Group Inc (NYSE: GS) as it is the only bank that is projected to report an upside surprise in its fourth quarter results. The analyst expects the...
