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Citigroup Global Markets' Economist Says 2 More Rate Hikes Lined Up: 'We Think The Fed's Not Done Until July'
Wednesday, May 10, 2023 - 4:06am | 404Read More...Johanna Chua, chief APAC economist at Citigroup Global Markets, reportedly said inflation is likely to be quite persistent and the Federal Reserve may go for two more rate hikes in coming times. What Happened: Chua said Citi has a hawkish consensus view on the central bank's policy while arguing...
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SEC To Collect Biggest Blue Sheet Violation Penalty Of All Time From Citigroup
Wednesday, July 13, 2016 - 2:50pm | 331Read More...The U.S. Securities and Exchange Commission (SEC) announced on Wednesday that it will receive a $7 million penalty from Citigroup Inc (NYSE: C) and an admission of wrongdoing. Citigroup Global Markets will pay the fee and admit wrongdoing to settle charges regarding a coding error, which resulted...
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Citi Sees 'Long-Term Declines' in Campbell's Soup (CPB)
Wednesday, September 1, 2010 - 10:34am | 150Read More...Noting that analysts "believe condensed soup long-term declines will continue and are concerned with the overall relevance of the soup category to today's U.S. consumers, as total units of soup sold in the category continue to shrink," Citi reiterated its Hold rating on shares of Campbell's Soup (...
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Citi Maintains Buy Rating on Omnicom (OMC)
Friday, August 27, 2010 - 12:15pm | 158Read More...Citigroup Global Markets reiterated its Buy rating on Omnicom Group Inc. (NYSE: OMC) this morning. Citi maintains a $44 Price Target on the stock. Concerning next year's outlook, Citi comments that "While macro concerns loom and we expect more tepid measured ad spending growth in 2011, we remain...
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Citi Sees 'Modest Recovery' in Lowe's (LOW)
Friday, August 27, 2010 - 12:06pm | 158Read More...Expecting "a modest recovery in earnings," Citigroup Global Markets reiterated its Hold rating on Lowe's Companies (NYSE: LOW) this morning. Citi maintains a $22 Price Target on the stock. Analysts at Citi note that "Our long-term outlook for the home improvement industry is favorable given secular...
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Citi Initiates GSI Commerce at Buy (GSIC)
Friday, August 27, 2010 - 11:41am | 131Read More...Citigroup Global Markets initiated coverage of GSI Commerce, Inc. (NASDAQ: GSIC) with a Buy rating this morning. Citi established a $29 Price Target on the stock. Citi "interprets GSIC’s recent underperformance (down 13% YTD & down 18% over the past month) as reflecting near-term investor...
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Citi: Helmerich & Payne is 'Undervalued' (HP)
Friday, August 27, 2010 - 11:23am | 112Read More...Citigroup Global Markets reiterated its Buy rating on shares of Helmerich & Payne (NYSE: HP) this morning. Citi maintains a $63 Price Target on the stock. Citi "Note[s] that H&P, despite having stronger earnings through the recent industry downturn and a higher rate of projected earnings...
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Citi Raises Hain Celestial Group Estimates (HAIN)
Thursday, August 26, 2010 - 4:30pm | 139Read More...Citi Global Markets raised 2011 and 2012 earnings estimates for The Hain Celestial Group, Inc. (NASDAQ: HAIN) today. The company reported fourth quarter results that beat estimates, and issued better-than-expected 2011 guidance. The Hain Celestial Group reported 4Q10 EPS of $0.26 vs $0.24 consensus...
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Citi Raises Jabil Circuit Target Price (JBL)
Wednesday, June 23, 2010 - 12:33pm | 90Read More...Citing increased sales and a positive EPS surprise, Citigroup Capital markets raised its price target for Jabil Circuit (NYSE: JBL) to $22 from $19. Citi also reiterated its Buy rating on the stock. Citi noted "the potential for more margin accretion should demand remain firm, positive cycle timing...
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Citi Reiterates Hold Rating on Costco (COST)
Monday, June 21, 2010 - 9:22am | 131Read More...Citing an increasingly competitive environment, Citigroup Global Markets reiterated its Hold rating on Costco Wholesale Corp. (NASDAQ: COST) this morning. Citi is "impressed with the company's improving MFI growth and robust traffic trends as it cycles strong traffic gains from last year." Citi,...
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Citi Cuts T Rowe Price EPS Estimate; Affirms Buy Rating (TROW, C)
Friday, June 18, 2010 - 9:57am | 120Read More...Citigroup Global Markets (NYSE: C) cut T Rowe Price Group Inc.'s (NASDAQ: TROW) fiscal 2010 EPS estimate from $2.49 to $2.45. Citigroup also reduced its price target to $57 from $60 to reflect the reduced EPS expectation and a "lower target multiple given recent sector downward revaluation."...
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JBLU Misses 1Q Estimates; Performance To Improve In 2H
Wednesday, April 28, 2010 - 1:38pm | 131Read More...Analysts at Citigroup Global Markets maintain their "buy" rating on JetBlue Airways Corporation (NASDAQ: JBLU). The target price for JLBU is set to $7. JetBlue Airways has reported its 1Q EPS short of the estimates due entirely to a lower-than-anticipated unit revenue performance. JBLU has raised...
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Citigroup Analyst Sees Dim Future For Research In Motion Limited (RIMM)
Thursday, April 1, 2010 - 4:51pm | 189Read More...Citigroup Global Markets analyst Jim Suva maintained his "non-consensus" Sell rating for shares of Research In Motion Limited (Nasdaq: RIMM), while raising his target price for the stock from $52 to $55. Suva said that he didn't want to own any shares of Research In Motion Limited when Verizon...
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Citigroup Rates Teva Pharmaceutical Industries (TEVA) A Buy After Court Ruling
Thursday, April 1, 2010 - 4:24pm | 195Read More...Citigroup Global Markets analyst John Boris reiterated his Buy rating for shares of Teva Pharmaceutical Industries (Nasdaq: TEVA), with a price target of $72. Boris reiterated his Buy rating after an Indiana Southern District Court (INSDC) ruled in favor of Eli Lilly and Company (NYSE: LLY) in one...
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Citigroup Analyst Sees Upside At JetBlue Airways (JBLU)
Thursday, April 1, 2010 - 4:01pm | 221Read More...Citigroup Global Markets analyst Will Randow maintained his Buy rating for shares of JetBlue Airways Corporation (Nasdaq: JBLU), with a target price of $7 per share. Although Randow said that JetBlue Airways Corporation underperformed its peers by 24% over the past year, he gave a number of reasons...
