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Citi Speculates, 'Can Apple Grow iPhone Units Again?'
Thursday, March 17, 2016 - 8:09am | 279Citi’s Jim Suva maintained a Buy rating on Apple Inc. (NASDAQ: AAPL), with a price target of $130. Will iPhone Units Grow? “Given March quarter iPhone unit expectations for a negative -15 percent year-over-year decline (following +37 percent iPhone unit growth in FY2015), investor...
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More Bad News For PC Market
Tuesday, February 16, 2016 - 12:15pm | 354A February 2 note from Citi Research entitled “Slashing PC Estimates” painted a very bleak picture for PC sales in 2016. Despite harsh criticism for the call from investors at the time, a new report by analyst Jim Suva indicates that early 2016 PC data is supporting Citi’s...
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HP Alert: Citi Slashes Estimates, Warns Of Margin Pressure
Wednesday, February 3, 2016 - 10:40am | 340The share price of HP Inc (NYSE: HPQ) plunged 72.65 percent over the past one year, to a low of $ 9.48 on January 28. Citi’s Jim Suva has maintained a Neutral rating on the company, while lowering the price target from $14.50 to $10.75. Although the shares are cheap at present, Suva...
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Can Apple Still Grow In 2016? Of Course It Can
Friday, December 11, 2015 - 8:50am | 368Apple Inc. (NASDAQ: AAPL) shares have appreciated 5.25 percent year-to-date, although they dipped to a low of $103.12 on August 24. Citi’s Jim Suva has reiterated a Buy rating on the company, with a price target of $145. Suva expects the company to continue to grow in 2016, given...
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What Some Of The Street's Top Apple Analysts Are Saying Before Earnings
Monday, October 26, 2015 - 2:58pm | 822Shares of Apple Inc. (NASDAQ: AAPL) were lower by more than three percent Monday afternoon. The company will report its fourth-quarter (September ending) results on Tuesday. Analysts are mostly mixed ahead of the much anticipated report. Apple will report its fourth-quarter results...
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Citi Removes Apple From U.S. Focus List, Lowers iPhone Sales Estimates
Friday, October 23, 2015 - 8:52am | 306Apple Inc. (NASDAQ: AAPL) shares have declined 10.2 percent over the past six months, from a high of $321.65 on April 27. Citi’s Jim Suva has reiterated a Buy rating on the company, with a price target of $145. Suva has removed Apple from Citi’s U.S. Focus List due to “...
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Citi Previews Hardware Names Ahead Of Q3: Upgrades Lexmark While IBM Concerns Remain
Wednesday, October 7, 2015 - 3:50pm | 538Jim Suva of Citi commented on the IT hardware sector, noting that the general theme of IT budgets shifting to security from traditional IT Hardware continues to play out. Suva upgraded shares of Lexmark International Inc (NYSE: LXK) following a 25 percent decline over the last 12 months. Suva...
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Citi: Buy Large-Cap Networking Giant Cisco, Sell F5 (And Hold Juniper)
Tuesday, October 6, 2015 - 3:21pm | 515Jim Suva of Citi initiated coverage of Cisco Systems, Inc. (NASDAQ: CSCO), F5 Networks, Inc. (NASDAQ: FFIV) and Juniper Networks, Inc. (NYSE: JNPR). Suva noted all three companies are undergoing (or have undergone) "significant" market, technology and management transitions. Cisco is the analyst'...
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Citi Cuts iPhone Unit Estimates Ahead Of Apple's Q4 Report
Monday, October 5, 2015 - 9:42am | 364Shares of Apple Inc. (NASDAQ: AAPL) are roughly flat year-to-date, but lower by nearly 13 percent over the past three months. Ahead of Apple's October 27 earnings release, Jim Suva of Citi lowered his iPhone unit sales estimates. Suva did maintain a Buy rating and $145 price target as...
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Apple: 'Bigger, Faster, Stronger'
Thursday, September 10, 2015 - 9:14am | 336Apple Inc. (NASDAQ: AAPL) shares are down 13.55 percent in the last three months, despite having risen above the $130 level on July 20. Citi’s Jim Suva maintained a Buy rating for the company, with a price target of $145. Tough comps may cause some investors to exit the stock,...
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Citi Says Buy Hewlett-Packard 'Into Break-Up'
Friday, August 21, 2015 - 9:02am | 314In a report published Friday, Citi analyst Jim Suva stated that the bad news of Hewlett-Packard Company (NYSE: HPQ) seems to be over and good news is expected at the company's investor day on September 15. Suva reiterated a Buy rating on Hewlett-Packard, while lowering the price target from $...
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Citi: Risk-Reward Still Looks Attractive At Hewlett-Packard Before Break-Up
Thursday, August 13, 2015 - 9:39am | 228In a report published Thursday, Citi analyst Jim Suva maintained a Buy rating and price target of $41 on Hewlett-Packard Company (NYSE: HPQ). The analyst expects the company to report its 3FQ revenue below the consensus, driven by softness in PC, printing and X-86 servers. However, the analyst...
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Citi: Apple Still Top Pick In IT
Thursday, July 2, 2015 - 1:11pm | 466In a report published Wednesday, Citigroup analyst Jim Suva discussed the Information Technology sector and offered his top picks heading into the second quarter earnings season. Suva noted overall IT spending (excluding handsets) in 2015 is expected to remain "tempered" at 3 percent...
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Citi Slashes PC Forecast, But Still Likes Hewlett-Packard Stock
Wednesday, June 3, 2015 - 12:00pm | 322A new report by Citi Research focuses on the PC industry and what investors can expect throughout the remainder of 2015. Although Citi cut its forecasts for the PC industry, the firm remains bullish on Hewlett-Packard Company (NYSE: HPQ). The Numbers Based on Citi’s most recent supply...
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Citi: 5 Reasons Apple Can Trade Higher
Tuesday, April 28, 2015 - 10:36am | 313Citi issued a company update on Tuesday highlighting Apple Inc. (NASDAQ: AAPL) a day after it posted earnings results that beat consensus sales and EPS expectations, driven primarily by stronger than expected iPhone units. Citi rates Apple as a Buy with a $145 price target. Analysts Jim Suva...