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The Burger Wars: McDonald's Vs. Burger King Vs. Wendy's
Tuesday, April 14, 2015 - 1:33pm | 541Read More...In a new report, analysts at Citi Research pitted fast food rivals McDonald's Corporation (NYSE: MCD), Wendys Co (NASDAQ: WEN) and Restaurant Brands International Inc (NYSE: QSR)'s Burger King head-to-head in a six-part comparison of different aspects of their businesses....
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Under Armour Could Surprise Adidas In Europe
Tuesday, March 31, 2015 - 9:31am | 187Read More...With much of Under Armour Inc (NYSE: UA) growth potential outside the U.S., Citi Research conducted a survey of European independent retailers to determine their views of the brand. According to the results, 90 percent of retailers sell Under Armour apparel, while just 60 percent sell its...
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Is Microsoft Merely A Follower In The Cloud Market?
Tuesday, March 31, 2015 - 9:07am | 225Read More...Compared with Amazon.com, Inc. (NASDAQ: AMZN) and Google Inc (NASDAQ: GOOG), Microsoft Corporation (NASDAQ: MSFT) is just a follower, according to analysts at Citi Research. While there has been excitement over Microsoft's Azure and other cloud offerings, the analysts said that ultimately,...
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Citi Weighs In On REIT Sector M&A Trends: Is Simon/Macerich Just The Start?
Monday, March 16, 2015 - 5:26pm | 1070Read More...Citi Research on Monday issued a note including a subsection titled "Matchmaker, Matchmaker: Will Simon's Hostile Bid Spark REIT M&A?" in light of the ongoing hostile takeover attempt of Macerich Co (NYSE: MAC) by regional mall giant Simon Property Group Inc (NYSE: SPG). Big...
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Is Simon's Bid For Mall Rival Macerich A Game Changer? Citi Has An Answer
Wednesday, March 11, 2015 - 8:03am | 720Read More...On March 9, Citi Research weighed in on the Simon Property Group (NYSE: SPG) hostile bid to buy Macerich Co. (NYSE: MAC), and the implications for the mall REIT sector moving forward. Notably, General Growth Properties (NYSE: GGP) was mentioned in Simon's letter to shareholders as a...
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3 Analysts Look Past Hewlett-Packard Earnings, Reiterate Ratings
Wednesday, February 25, 2015 - 9:58am | 233Read More...Hewlett-Packard Company (NYSE: HPQ) reported a weaker quarter and disappointing guidance Tuesday night, sending the stock more than 6 percent lower in pre-market trading. But that negativity is not translating into three analyst reports from Citi Research, Morgan Stanley and JP Morgan, which all...
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Citi Dishes On Housing, Details 'The Good, The (Less) Bad And The (Not So) Ugly'
Wednesday, February 11, 2015 - 3:05pm | 665Read More...On February 11, Citi Research released a 15 page note updating the demand for new homes in the U.S. market. Citi Research - Key Takeaways The Good Housing Starts: Citi expects to see a 10 percent increase over the 1.65 million starts in 2014. Going forward, Citi anticipates a CAGR of 10%...
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Citi: GoPro's 'Low-End HERO Is Gaining Traction'
Friday, February 6, 2015 - 1:37pm | 321Read More...After GoPro Inc (NASDAQ: GPRO) reported “Apple-Esque” results but not-so-strong guidance, Citi research analysts Jeremy David and Ehud Gelblum trimmed their price target (from $59 to $48) and 2015 and 2016 EPS estimates. The analysts maintain a Neutral rating on the stock, which is...
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The Other Huge REIT Story Of 2014
Wednesday, December 31, 2014 - 4:30pm | 685Read More...The top REIT story of 2014 almost has to be the relative outperformance of the publicly traded equity REITs, compared to the broader market, as represented by the entire S&P 500. For investors unfamiliar with this asset class, however, it can be difficult to even begin to research...
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Citi Research Says Yahoo Trades At 37% Discount To Alibaba Shares
Monday, November 17, 2014 - 11:11am | 204Read More...On Monday, analysts at Citi Research offered commentary on shares of Yahoo! Inc. (NASDAQ: YHOO) and reiterated the Buy rating and $63 price target. Citi analysts view shares of Yahoo as “our best idea” and feel shares currently trade at a 37 percent discount to Alibaba Group Holding...
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Multiple Firms Bullish On CONE Midstream Shares Following Lockup Expiration
Monday, October 20, 2014 - 12:03pm | 181Read More...Shares of CONE Midstream Partners LP (NYSE: CNNX) are trending higher in Monday's session as the lock-up period for the shares has expired. Following the expiration, analysts at several firms initiated coverage on shares CONE Midstream Partners LP: Citi Research: Neutral rating; $30...
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Puma Biotechnology Soars On Phase III Data; Analyst Smells Takeover Candidate
Wednesday, July 23, 2014 - 11:51am | 224Read More...Puma Biotechnology (NYSE: PBYI) has nearly tripled in value Wednesday on positive trial data for its lead breast cancer drug, while one analyst said the company is a likely takeover target. After the close Tuesday, the company said a Phase III clinical trial of its neratinib breast cancer drug...
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UPDATE: Citi Downgrades DirecTV On Little Upside
Friday, May 2, 2014 - 11:25am | 200Read More...In a report published Friday, Citi Research analyst Jason Bazinet downgraded DIRECTV (NASDAQ: DTV) from Buy to Neutral and raised the price target from $79.00 to $82.00. Bazinet noted that the bull case was based on fundamentals, but sees little upside on current equity values. The analyst...
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UPDATE: Citi Downgrades Dish Network Based On Fairly Valued Spectrum
Friday, February 14, 2014 - 11:48am | 325Read More...In a report published Thursday, Citi Research analyst Jason Bazinet downgraded Dish Network (NASDAQ: DISH) from Buy to Neutral and maintained a $61.00 price target as the company's spectrum is fairly valued. Last August, Bazinet commented that Dish Network's spectrum was undervalued by the market...
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Citi Notes Buying Opportunity on Yahoo
Friday, February 7, 2014 - 2:52pm | 181Read More...In a report published Thursday, Citi Research analyst Mark May reiterated a Buy rating on Yahoo! (NASDAQ: YHOO) noting the Buying opportunity on current share valuation. May noted that the 5% pullback in shares following Yahoo's fourth quarter earnings creates a buying opportunity as the current...
