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What General Motors' 10K Hints About 2016, Citigroup Notes
Tuesday, February 24, 2015 - 11:50am | 289In a report published Monday, Citigroup analyst Itay Michaeli commented that in the coming months shares of General Motors Company (NYSE: GM) could re-rate higher due to share buybacks, tech and product improvements. Michaeli noted that an $8 billion share buyback program is "doable...
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Can General Motors 'Pull an F-150' By Standardizing ADAS?
Tuesday, February 17, 2015 - 12:13pm | 243Itay Michaeli, an analyst at Citigroup, gave an update of the automotive industry on Tuesday, saying that General Motors Company (NYSE: GM) can, "pull of an F-150," to increase their profits. Michaeli's thesis is that, "GM might be uniquely positioned to pull an F-150 by standardizing ADAS ahead...
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Citi's 4 Reasons Why Lear's Outperformance Should Continue
Monday, February 2, 2015 - 2:10pm | 349In a report issued Monday, Citi analyst Itay Michaeli provided four reasons why Lear Corporation (NYSE: LEA) will continue to outperform its peers. He reiterated a Buy rating on the stoc and raised his price target from $117 to $118. Related Link: Credit Suisse Raises Price Target On Lear...
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Citi Names Stocks To Watch Ahead Of Detroit's International Auto Show
Friday, January 9, 2015 - 1:47pm | 604Analysts at Citi Research on Friday offered a preview into what stocks may offer upside ahead of the North American International Auto Show in Detroit next week. Mobileye NV (NYSE: MBLY) Itay Michaeli feels the company’s presentation will “yield greater investor appreciation for the...
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Citigroup's Battle Of The Giants: General Motors Vs. Ford
Tuesday, November 11, 2014 - 10:47am | 263Itay Michaeli of Citigroup believes that if gas prices continue to fall to at least $2.50 per gallon, General Motors Comapny (NYSE: GM) may be better positioned than Ford Motor Company (NYSE: F). Michaeli adds that the distinction between the two auto makers could become "critical" if...
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Citi Examines The Bear Case Against Ford And General Motors
Monday, October 27, 2014 - 5:02pm | 509Citi issued a report Monday examining the bear case against Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM). Analyst Itay Michaeli commented, "While it’s not entirely clear to us what’s driven the most recent weakness, we thought it would be worthwhile re-...
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General Motors Company Surges On Citi Buy Rating
Friday, October 3, 2014 - 2:59pm | 188General Motors Company (NYSE: GM) received a Buy recommendation and $48 price target from Citi. Analysts led by Itay Michaeli were impressed with GM management at a recent Investor Day. Michaeli exclaimed that "management delivered nearly perfectly on our "wish list" in a message...
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Citi Analysts Test Drive General Motors Company's Super Cruise Technology With Mobileye NV Chip
Friday, October 3, 2014 - 1:47pm | 210Itay Michaeli of Citigroup test drove General Motors Company's (NYSE: GM) "Super Cruise" technology which is now confirmed to utilize Mobileye NV's (NASDAQ: MBLY) technology. The technology consists of a Mobileye chip as part of a monocular camera and other sensors including...
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Several Analysts Initiate Coverage On Mobileye Following End Of Quiet Period
Tuesday, August 26, 2014 - 3:03pm | 279Morgan Stanley estimates by 2022, 50 percent of new cars sold globally will have some form of autonomous system. Mobileye (NYSE: MBLY) is currently at the forefront of this global trend. Based on analysts estimates, Mobileye currently maintains roughly 80 percent market share in the autonomous...
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Analysts Optimistic On General Motors Following Barra's Comments & Guidance Update
Friday, June 6, 2014 - 12:46pm | 525Analysts are optimistic on General Motors (NYSE: GM) following Thursday's Town Hall meeting and the company's slide deck reviewing growth. Global Town Hall Meeting On Thursday, General Motors held a Global Town Hall meeting to review former U.S. Attorney Anton Valukas' findings of...
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Citigroup Cuts GM Price Target
Wednesday, May 21, 2014 - 11:18am | 227Shares of General Motors (NYSE: GM) tumbled almost 3.5 percent Tuesday after the automaker announced four more recalls. GM expects a $200 million dollar charge for the second quarter on 2.42 million additional cars recalled. Because this expense (and an additional $200 million from a previous...
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UPDATE: Citigroup Reiterates on Meritor Following FQ4 Wrap
Monday, November 18, 2013 - 9:40am | 128In a report published Monday, Citigroup analyst Itay Michaeli reiterated a Buy rating on Meritor (NYSE: MTOR), but lowered the price target from $10.00 to $9.00. In the report, Citigroup noted, “We rate Meritor (MTOR) shares Buy/High Risk (1H). We view the stock as an optimal vehicle to position...
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UPDATE: Citigroup Raises PT on Delphi Automotive Following Solid 2Q Beat
Thursday, August 1, 2013 - 9:32am | 99In a report published Thursday, Citigroup analyst Itay Michaeli reiterated a Buy rating on Delphi Automotive (NYSE: DLPH), and raised the price target from $52.00 to $61.00. In the report, Citigroup noted, “Following a solid Q2 beat with a largely affirmed 2013 outlook. We've modestly lifted...
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UPDATE: Citigroup Raises PT on Goodyear Tire Following Strong Q2 Results
Wednesday, July 31, 2013 - 11:13am | 165In a report published Wednesday, Citigroup analyst Itay Michaeli reiterated a Buy rating on Goodyear Tire (NASDAQ: GT), and raised the price target from $20.00 to $24.00. In the report, Citigroup noted, “Following strong Q2 results. We're lifting our 2013-15 estimates and our price target to $...
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Citigroup Global Markets Says Investors Overlook Lear Corporation (LEA) Holding's Value
Thursday, April 1, 2010 - 12:18pm | 153Citigroup Global Markets analyst Itay Michaeli maintained his 1H rating for shares of Lear Corporation (NYSE: LEA), with a target price of $86. Michaeli said that Lear Corporation's stake in the $3.2 billion privately held International Automotive Components may be overlooked by investors. However...