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PG&E Drops Another 25% After $3B Wildfire Drawdown
Wednesday, November 14, 2018 - 1:37pm | 585PG&E Corporation (NYSE: PCG) stock is in free-fall, dropping as much as 30 percent Wednesday after the company said it experienced an “electric incident” prior to the beginning of the Camp Fire in California and told investors its insurance would not be able to cover its...
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Citi Turns Bullish On Square, Says Payments Company Underappreciated By Street
Tuesday, November 6, 2018 - 1:43pm | 493A look at 2019 projections for Square Inc (NYSE: SQ) suggests the Street is underappreciating the payments company's outlook, according to Citi. The Analyst Citi's Peter Christiansen upgraded Square from Neutral to Buy with a price target lifted from $67 to $90. The Thesis Square is...
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Fitbit Reports A Profit: The Street Debates What's Next
Thursday, November 1, 2018 - 12:10pm | 770Fitness tracker and smart watch maker Fitbit Inc (NYSE: FIT) reported a return to profit in its third-quarter print Wednesday. The Analysts Wedbush's Michael Pachter maintains an Outperform rating on Fitbit with an unchanged $6.50 price target. William Blair's Jeffrey Garro maintains...
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Elastic's Quiet Period Ends: What The Street Thinks
Tuesday, October 30, 2018 - 2:15pm | 620Shares of Netherlands-based Elastic NV (NYSE: ESTC), the company behind Elasticsearch and the Elastic Stack, rose nearly 100 percent on its trading debut in early October. The Street is offering first takes on the stock now that the quiet period has come to an end. The Analysts...
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Upwork Will Benefit From The Freelance Economy, Analysts Say
Monday, October 29, 2018 - 3:46pm | 478Global freelancing website Upwork Inc (NASDAQ: UPWK) saw its shares soar more than 50 percent after it started trading in early October. Here's a roundup of what some of the Street's top analysts are saying as its IPO quiet period expires. The Analysts RBC Capital Markets' Mark...
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The Street's Reaction To Lockheed Martin's Q3 Earnings
Wednesday, October 24, 2018 - 1:10pm | 654Global security and aerospace company Lockheed Martin Corporation (NYSE: LMT) reported Tuesday its third-quarter results, highlighted by a top-and-bottom-line beat and an upward revised guidance. Here's a summary of how some of the Street's top analysts reacted to the print. The Analysts...
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Buy The Dip In American Eagle, Citi Says In Upgrade
Friday, October 19, 2018 - 3:20pm | 319With the retailer's stock down by about 30 percent since its second-quarter report in late August, investors should consider buying American Eagle Outfitters (NYSE: AEO), according to Citi. The Analyst Citi's Paul Lejuez upgraded American Eagle Outfitters from Neutral to Buy with a new...
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The Street Reacts To Netflix's Q3
Wednesday, October 17, 2018 - 11:16am | 908Streaming video platform Netflix, Inc. (NASDAQ: NFLX) reported Tuesday with third-quarter results that initially sent shares soaring higher by more than 10 percent. Here's how some of the Street's top analysts reacted to the print. The Analysts Bank of America's Nat...
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Citi's May Says Buy The Dip In Netflix
Friday, October 12, 2018 - 10:30am | 340With Netflix, Inc. (NASDAQ: NFLX) down more than 15 percent over the past three months, investors may want to consider buying the dip, according to Citi. The Analyst Citi's Mark May upgraded Netflix from Neutral to Buy with an unchanged $375 price target. The Thesis Citi's prior...
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Citi Says Buy The Dip In GoDaddy
Thursday, October 11, 2018 - 9:51am | 356With the stock down nearly 8 percent over the past three months and much of the downside arriving in recent weeks, shares of Godaddy Inc (NYSE: GDDY) are a buying opportunity, according to Citi. The Analyst Citi's Mark May upgraded GoDaddy from Neutral to Buy with an $86 price target...
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Citi: Michael Kors A Buy After Versace Acquisition
Thursday, October 4, 2018 - 11:28am | 280Global fashion brand Michael Kors Holdings Ltd (NYSE: KORS)'s recent acquisition of Versace sent the American-based company's stock lower by 9 percent — and investors should buy the dip, according to Citi. The Analyst Citi's Paul Lejuez upgraded Michael Kors from...
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2 Reasons Why Skechers Is No Longer A Buy At Citi
Tuesday, October 2, 2018 - 12:10pm | 392Shares of lifestyle and performance footwear maker Skechers USA Inc (NYSE: SKX) are down nearly 30 percent since the start of 2018, and investors may want to reconsider buying the stock, as it has limited near-term upside, according to Citi. The Analyst Citi's Kate McShane downgraded...
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Citi Downgrades Tesla To Sell, Faces 'Risk Of A Spiral'
Friday, September 28, 2018 - 8:16am | 383The bearish case for Tesla Inc (NASDAQ: TSLA) is now appropriate in reaction to the SEC's action against CEO Elon Musk, according to Citi. The Analyst Citi's Itay Michaeli downgraded Tesla from Neutral to Sell with a price target lowered from $356 to $225. The Thesis The SEC's complaint...
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Sell-Side Overwhelmingly Bullish On Nike Despite Post-Earnings Pullback
Wednesday, September 26, 2018 - 1:52pm | 552Nike Inc (NYSE: NKE) shares are down despite reporting a first-quarter beat that has the company on track to do roughly $40 billion in sales in 2019. The Analysts Weigh In Stifel analyst Jim Duffy said Nike’s first quarter was a strong start to the year that showcased acceleration in...
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With Sale of Agricultural Business Pending, Citi Takes Neutral Stance On Platform Specialty Products
Wednesday, September 19, 2018 - 2:50pm | 423Citi is moving to the sidelines on Platform Specialty Products Corp. (NYSE: PAH) pending the closing of the company’s sale of its agricultural chemicals business. The Analyst Citi analyst Daniel Jester downgraded Platform Specialty Products from Buy to Neutral and raised the price...