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'iPhone 7 Surprises,' Says Citi
Thursday, September 8, 2016 - 8:48am | 515Read More...Apple Inc. (NASDAQ: AAPL) announced updates to its iPhone and Apple Watch lineup, and Citi is "surprised" with higher price point of iPhone 7 Plus, while terming it as "slight positive" along with the launch of AirPods. iPhone 7 Apple priced iPhone 7 Plus $20 higher than its predecessor and...
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HP Enterprise Cash Flow Generation 'Under Appreciated,' Says Citi
Monday, July 25, 2016 - 7:54am | 309Read More...Hewlett Packard Enterprise Co (NYSE: HPE) is in the process of spinning off its Services segment. Investors seem to be underappreciating the FCF generation and net cash improvement in 2H16 and 2017, Citi’s Jim Suva said in a report. He upgraded the rating on the company from Neutral to Buy...
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Citi Cuts Apple's Second-Half Estimates, Sees Stock Range-Bound
Tuesday, July 5, 2016 - 9:38am | 258Read More...Citi’s Jim Suva expects Apple Inc. (NASDAQ: AAPL) shares to remain range bound in the near term, through the seasonally slow summer and prior to the iPhone 7 launch. Suva maintains a Buy rating on the company, with a price target of $115. Estimates Lowered “We are lowering our estimates...
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Citi Skeptical On HP's Radical Shift In Its Supplies Pricing Model
Wednesday, June 22, 2016 - 1:37pm | 392Read More...Jim Suva of Citi is skeptical on HP Inc (NYSE: HPQ)'s radical shift in its supplies promotional pricing model; he maintains his Neutral rating on the stock. In its supply pricing, HP is moving "from a push model to a demand-driven pull-in model," combined with compensation/incentive changes to "...
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Citi Reiterates Sell On Jabil Following Guidance Cut
Thursday, June 16, 2016 - 9:10am | 276Read More...Jabil Circuit, Inc. (NYSE: JBL) has significantly lowered its full-year sales and EPS guidance for the second successive quarter. Citi’s Jim Suva maintains a Sell rating on the company, with a price target of $17. Guidance Cut Suva mentioned that Jabil Circuit had cut its FY16 EPS guidance...
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F5 Networks Potential Buyers: Hewlett Packard, EMC And Cisco Lead The Way
Wednesday, June 8, 2016 - 8:12am | 323Read More...Several media reports have indicated F5 Networks, Inc. (NASDAQ: FFIV) has hired Goldman Sachs to review takeover interest. Citi’s Jim Suva maintained a Neutral rating for the company, with a price target of $110. The analyst commented that the price target did not include any acquisition...
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Citi: 6 Smartphone Stocks to Buy, 4 to Sell
Tuesday, May 31, 2016 - 9:21am | 366Read More...Citi analysts have a Buy rating for Apple Inc. (NASDAQ: AAPL), Samsung Electronics, Alps Electric, AAC Tech, Goertek and Sunny Optical. The Sell rating is for TDK, Taiyo Yuden, Catcher and Foxconn Technology company. The analysts have a Neutral for Lenovo. Analyst Jim Suva said he liked Apple...
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Citi: 3 Positives And 3 Negatives For Cisco
Thursday, May 19, 2016 - 9:00am | 383Read More...Cisco Systems, Inc. (NASDAQ: CSCO) reported better-than-expected FQ3 earnings and announced a higher outlook, despite a challenging enterprise spending environment. Citi’s Jim Suva reiterated a Buy rating for the company, with a price target of $30. The analyst said Cisco was the Top Pick...
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Citi Expects Cisco Systems To Report In-Line Or Better Q3
Thursday, May 12, 2016 - 8:40am | 662Read More...Cisco Systems, Inc. (NASDAQ: CSCO) will release its third-quarter numbers May 18, and Citi expects the networking gear maker to report EPS in line with consensus and revenue above Street view. Projections Analyst Jim Suva expects third-quarter EPS of $0.55 down 5 percent q/q, up 1 percent year-...
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5 Positives And 5 Negatives From Apple's Earnings Report
Wednesday, April 27, 2016 - 1:05pm | 356Read More...The market was clearly not impressed by Apple Inc. (NASDAQ: AAPL)’s Q1 earnings report, as the stock was down more than 7.1 percent in Wednesday morning trading. However, Citi analyst Jim Suva sees both positive and negative takeaways in Apple’s Q1 numbers. Bulls: Here Are 5 Positives...
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Citi On Apple: Despite Near-Term Pressure, iPhone 7 Should Be The Focus
Wednesday, April 27, 2016 - 11:33am | 308Read More...The market digested lukewarm results from Apple Inc. (NASDAQ: AAPL) that showed first year-over-year sales decline for the tech behemoth since 2003. However, Jim Suva of Citi is positive on the iPhone maker saying investors should focus on the iPhone 7 launch in September. Suva maintained his...
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Apple, Cisco Lead Citi's List Of Top IT Hardware Stocks
Wednesday, April 6, 2016 - 8:27am | 292Read More...Capital allocation and cash flow continue to be the key focus in the US IT Hardware segment in 1Q16. Citi’s Jim Suva maintained a Buy rating for Apple Inc. (NASDAQ: AAPL) and Cisco Systems, Inc. (NASDAQ: CSCO). IT Hardware Outlook Analyst Jim Suva expects IT spending to generally remain...
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Citi Sees 20% Increase In Apple's Capital Returns Program During April
Monday, April 4, 2016 - 11:07am | 298Read More...With expectations of a 15 percent year-over-year decline in iPhone units in the March quarter, investor focus continues to be on whether Apple Inc. (NASDAQ: AAPL) would be able to grow iPhone units once again. Citi’s Jim Suva maintained a Buy rating on the company, with a price target of...
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The Street Was Surprised By Apple iPhone SE's Price Tag
Tuesday, March 22, 2016 - 1:03pm | 979Read More...Following Apple Inc. (NASDAQ: AAPL)'s March event on Monday, the Street was abuzz with chatter related to the unveiled products. According to Piper Jaffray's Gene Munster, the only true surprise from the event was the pricing of the new iPhone SE. Projected starting prices for the...
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Here's Why 'Applewood' Is So Important
Tuesday, March 22, 2016 - 10:06am | 325Read More...Citi analyst Jim Suva attributes Apple Inc. (NASDAQ: AAPL)'s pricing strategy of lowering the iPhone SE price point to $399 as "clearly intended to gain more share in the emerging markets," specifically in India and the rest of Asia-Pacific, where 80 percent of unit sales are comprised of phones...
