-
Citi: GM Truck Story Strong And Underappreciated
Friday, August 2, 2019 - 1:29pm | 299General Motors Company (NYSE: GM) turned in mixed results in the second quarter, and investors were lukewarm on the automaker, but one sell-side analyst said Friday GM’s pickup truck story is unique and set for more success - but isn’t well understood. The Analyst Citi Research analyst...
-
All About The Cloud: Microsoft Hits All-Time High On The Back Of Strong Q4 Earnings
Friday, July 19, 2019 - 9:49am | 883Microsoft Corporation (NASDAQ: MSFT) shares traded higher by 3% on Friday morning after the company reported a fiscal fourth-quarter earnings beat led by strength in its cloud computing business. Microsoft exceeded consensus analyst expectations for fourth-quarter earnings and revenue and also...
-
Sell-Side Weighs In On Accenture's 'Steady' Quarter
Friday, June 28, 2019 - 1:50pm | 413Accenture Plc (NYSE: ACN) on Thursday reported fiscal third-quarter results, which came in better than expected with a positive revision to 2019 guidance. The Analysts Citi's Ashwin Shirvaikar maintains a Buy rating on Accenture with a $211 price target. BMO Capital Markets' Keith Bachman...
-
Citi Downgrades Live Nation, Breaks Down 'Tricky' Valuation
Friday, June 28, 2019 - 12:04pm | 393Four factors make Live Nation Entertainment, Inc’s (NYSE: LYV) valuation "tricky," according to Citi. The Analyst Jason Bazinet downgraded Live Nation Entertainment from Neutral to Sell with an unchanged $63 price target. The Thesis Although Live Nation had cash and cash...
-
Conagra Analysts React To Q4 Miss: 'We View These Issues As Temporary'
Friday, June 28, 2019 - 11:36am | 475Conagra Brands Inc (NYSE: CAG) reported a fourth-quarter earnings miss Thursday, but two bull analysts were unfazed. The Analyst Bank of America Merrill Lynch's Bryan Spillane reiterated a Buy rating on Conagra with an unchanged $35 price target. Citi's David Driscoll...
-
The Sell-Side Upgrade Lifting GrubHub Shares Tuesday
Tuesday, June 25, 2019 - 11:55am | 430Food and restaurant delivery company GrubHub Inc (NYSE: GRUB) faces multiple challenges ahead, but they take a backseat to five bullish factors, according to Citi. The Analyst Mark May upgraded GrubHub from Neutral to Buy with a price target lifted from $75 to $91. The Thesis GrubHub's...
-
Sell-Side Bullish On Uber As Quiet Period Ends
Tuesday, June 4, 2019 - 11:16am | 537More than a dozen sell-side analysts issued Buy recommendations Tuesday for Uber Technologies Inc. (NYSE: UBER) as the waiting period on rating the stock expired for banks that worked on its recent IPO. “Uber is a transformational company that should benefit from secular shifts to the sharing...
-
5 Small-Cap Biotechs In Citi's Buy List With Big Upside Potential
Wednesday, May 29, 2019 - 12:24pm | 731The highly volatile biotech stocks present a high-risk-high-reward proposition. Judicious stock picking is essential to ride the superlative rally in some of these stocks in the wake of make-or-break binary events. Here's a brief on a few small-cap biotech stocks Citigroup analyst Yigal...
-
Citi Cuts Apple Price Target, iPhone Estimates On China Concerns
Tuesday, May 28, 2019 - 11:01am | 323The U.S. trade relationship with China has deteriorated further in recent weeks, and one analyst says Apple, Inc. (NASDAQ: AAPL) investors should brace themselves for the trade war to take a bite out of Apple’s iPhone sales. The Analyst Citi analyst Jim Suva reiterated his Buy rating for...
-
A Travel Pair Trade: Citi Upgrades Booking Holdings, Downgrades Expedia
Thursday, May 23, 2019 - 5:06pm | 355Citi says Booking Holdings (NASDAQ: BKNG) is looking more accomodating. The Analyst Citi analyst Mark May upgraded Booking Holdings from Neutral to Buy and raised his price target from $1,800 to $2,100. May downgraded Expedia Group Inc (NASDAQ: EXPE) from Buy to Neutral and lowered his price target...
-
Tesla Closes Below $200 As Analysts Roll Out Grim Bear Scenarios
Wednesday, May 22, 2019 - 4:19pm | 435Tesla Inc (NASDAQ: TSLA) shares lost voltage Wednesday after being hit by a one-two punch: another major Wall Street firm saying it sees an increasing chance of a bear scenario in which the share price drops to double-digits — and a longtime Tesla supporter expressing serious doubts about the...
-
Citi: Buy LVMH On Louis Vuitton's Brand Momentum
Tuesday, April 30, 2019 - 3:53pm | 346Citi bank resumed coverage of LVMH Moet Hennessy Louis Vuitton SA Unsponsored ADR (OTC: LVMUY) Tuesday with a bullish stance. The Analyst Thomas Chauvet resumed coverage of LVMH with a Buy rating and raised the price target from 315 euros ($353.38) to 392 euros ($439...
-
Citi Upgrades Cummins, Cites Improving Chinese Environment
Tuesday, April 16, 2019 - 12:55pm | 436The bullish case for Cummins Inc. (NYSE: CMI) is based on the thesis that earnings and cash flow should stay "higher for longer," according to Citi. The Analyst Timothy Thein upgraded Cummins from Neutral to Buy with a price target lifted from $155 to $190. The Thesis Cummins...
-
Citi Downgrades Roku To Sell On Increased Competition, Valuation
Monday, April 8, 2019 - 8:55am | 357Shares of Roku Inc (NASDAQ: ROKU) are up more than 110 percent in 2019 alone, which prompted Citi to turn bearish on the stock for a combination of valuation and business concerns. The Analyst Citi's Mark May downgraded Roku from Neutral to Sell with a price target lowered from $53 to $50. The...
-
Apple As A Service: Analysts Break Down Apple TV+, Apple News+ And Apple Arcade
Tuesday, March 26, 2019 - 11:45am | 1097Apple, Inc. (NASDAQ: AAPL) had one of its most important new service unveilings in recent memory on Monday, giving fans their first glimpse at streaming service Apple TV+, subscription gaming service Apple Arcade and news service Apple News+. Unfortunately for investors, Apple didn't...