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IVZ Is 'The Poster Child For Uncertainty In The U.K.'
Monday, June 27, 2016 - 10:15am | 339Invesco Ltd. (NYSE: IVZ) saw a 13 percent decline in its share price on June 24, with a year-to-date decline of 24 percent. Citi’s William R. Katz downgraded the rating on the company from Buy to Neutral, while lowering the price target from $38 to $27. Stock Range-Bound Katz mentioned that...
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'Lose-Lose Situation' Is Developing For WisdomTree Investors
Tuesday, June 21, 2016 - 10:22am | 311Citi’s William R. Katz expects cash burn at WisdomTree Investments, Inc. (NASDAQ: WETF) to begin in 2Q16. Katz maintains a Sell rating on the company, with a price target of $6. ‘A Lose-Lose Situation’ The analyst believes the risk of cash burn calls into question the company...
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Citi Thinks FXCM Is Still Worth $0.75
Friday, March 13, 2015 - 11:28am | 316Citi commented on FXCM Inc (NYSE: FXCM) Friday following its Q4 results, which included adjusted EPS of $0.20 adjusted versus an expected $0.15. Analyst William R. Katz maintained a Sell rating on the stock with a $0.75 price target and said the company's equity value was "effectively...
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Citigroup Expects Shares To Retrench For Waddell & Reed Financial
Thursday, March 12, 2015 - 10:24am | 117In a report published Thursday, Citigroup analyst William R. Katz reiterated a Sell rating and $39.00 price target on Waddell & Reed Financial, Inc. (NYSE: WDR). In the report, Citigroup noted, "We see four key issues emerging from February U.S. MF AUM/flow metrics (see also 3/11, February U.S...
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Is AllianceBernstein Sitting On 'Disruptive Technology?' This Citi Analyst Thinks So
Monday, March 2, 2015 - 11:06am | 283Citi raised its price target on AllianceBernstein Holding LP (NYSE: AB) Monday from $32 to $34 and maintained a Buy rating following meetings with management. Analysts led by William R. Katz suggested the company is "sitting on a ‘disruptive technology'" that could "...
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Citi Sees 75% Downside On FXCM Shares
Friday, January 23, 2015 - 2:02pm | 208Citi affirmed its Sell rating and $0.75 price target on FXCM Inc (NYSE: FXCM) Friday. Analyst William R. Katz saw a 75 percent downside to the stock and felt that its shares were being boosted by retail day-traders who may be looking at short-term technicals rather than the “significantly...
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Citi Upgrades Eaton Vance
Tuesday, January 20, 2015 - 1:32pm | 220Citi upgraded Eaton Vance Corp (NYSE: EV) from Sell to Neutral and set a $38 price target on Friday. According analyst William R. Katz, the upgrade was made “given the nearly 15 percent decline since the ETMF/NextShares announcement,” and he viewed “the risk/reward as...
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Citi Upgrades TD Ameritrade, BlackRock
Monday, November 3, 2014 - 5:16pm | 258Citi issued a report on Asset Managers, Broker/Dealers and Exchanges Monday. The firm upgraded TD Ameritrade Holding Corp. (NYSE: AMTD) and BlackRock, Inc. (NYSE: BLK) to Buy. Analysts led by William R. Katz noted that TD Ameritrade had “best in class organic growth, improving business...
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UPDATE: Citigroup Upgrades The Carlyle Group on Multiple Positive Factors
Thursday, February 20, 2014 - 9:26am | 118In a report published Thursday, Citigroup analyst William R. Katz upgraded the rating on The Carlyle Group (NASDAQ: CG) from Neutral to Buy, and raised the price target from $34.50 to $40.00. In the report, Citigroup noted, “We upgrade our investment opinion to Buy from Neutral, lift our 12-month...
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UPDATE: Citigroup Reiterates on The Blackstone Group Following Investor Lunch
Wednesday, December 18, 2013 - 10:12am | 151In a report published Wednesday, Citigroup analyst William R. Katz reiterated a Buy rating on The Blackstone Group (NYSE: BX), and raised the price target from $33.00 to $35.00. In the report, Citigroup noted, “We affirm our Buy rating but raise our 12-month target $2 to a “Street” high $35...
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UPDATE: Citigroup Reiterates on Waddell & Reed Financial on Platform Deep Dive Following Senior Management Meetings
Monday, November 18, 2013 - 9:53am | 159In a report published Monday, Citigroup analyst William R. Katz reiterated a Neutral rating on Waddell & Reed Financial (NYSE: WDR), and raised the price target from $63.00 to $68.00. In the report, Citigroup noted, “Following recent meetings with senior management. While we are on the prowl...
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UPDATE: Citigroup Reiterates on LPL Financial Holdings Following Investor Day
Wednesday, November 13, 2013 - 10:05am | 91In a report published Wednesday, Citigroup analyst William R. Katz reiterated a Buy rating on LPL Financial Holdings (NASDAQ: LPLA), and raised the price target from $45.00 to $52.00. In the report, Citigroup noted, “Following constructive 11/12 Investor Day in NY, LPLA remains our favorite Broker...
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UPDATE: Citigroup Raises PT on Invesco Ltd. on Multiple Positive Drivers Ahead
Friday, October 11, 2013 - 11:34am | 232In a report published Friday, Citigroup analyst William R. Katz reiterated a Buy rating on Invesco Ltd. (NYSE: IVZ), and raised the price target from $40.00 to $41.00. In the report, Citigroup noted, “We affirm our Buy rating, raise our target $1 to $41, and add IVZ to the US Focus list following...
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UPDATE: Citigroup Raises PT on Apollo Global Management Following Investor Meetings
Wednesday, August 14, 2013 - 10:24am | 133In a report published Wednesday, Citigroup analyst William R, Katz reiterated a Buy rating on Apollo Global Management (NYSE: APO), and raised the price target from $30.00 to $34.00. In the report, Citigroup noted, “We affirm our Buy rating; raise ENI estimates; and boost our 12-month target $4...
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UPDATE: Citigroup Raises PT on Invesco Following Raised EPS Estimates
Thursday, August 1, 2013 - 11:35am | 168In a report published Thursday, Citigroup analyst William R. Katz reiterated a Buy rating on Invesco (NYSE: IVZ), and raised the price target from $39.00 to $40.00. In the report, Citigroup noted, “We affirm our Buy rating, edge up our 2014-15 EPS estimates and raise our target $1 to $40...