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Citigroup's Potential Pair Trade Explained: Why Investors Should Remain Overweight CME And Underweight CBOE
Monday, February 9, 2015 - 9:50am | 301Neil Stratton of Citigroup on Friday suggested that investors maintain a potential pair trade opportunity of being Overweight CME Group Inc (NASDAQ: CME) and Underweight CBOE Holdings, Inc (NASDAQ: CBOE) as a "good way" to arbitrage current dynamics. According to Stratton, investors...
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Citi Sees Higher 'Going Concern Risk' For FXCM
Friday, January 16, 2015 - 2:40pm | 310FXCM Inc (NYSE: FXCM) sudden troubles stemming from the Swiss franc could raise doubts about its ability to remain in business, an analyst said Friday. The foreign exchange broker said late Thursday that the Swiss franc's rapid upswing this week resulted in a negative equity balance of $225...
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Citigroup 'Cools' On Intercontinental Exchange
Friday, December 5, 2014 - 9:57am | 170Neil Stratton of Citigroup downgraded shares of Intercontinental Exchange Inc (NYSE: ICE) on Friday to Neutral from Buy despite raising his price target to $240 from a previous $226. Stratton notes that shares of Intercontinental Exchange appreciated approximately 17 percent quarter-to-date,...
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UPDATE: Citi Downgrades T. Rowe Price Group
Tuesday, January 21, 2014 - 11:28am | 183In a report published Tuesday, Citi analyst Neil Stratton downgraded T. Rowe Price Group (NASDAQ: TROW) to Neutral from Buy, dropping its price target to $85.00 from $93.00. According to the report, the downgrade represents recent fund closures and PM turnover are likely to temper flow recovery....
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Citi Rates Och-Ziff Capital (OZM) High Risk
Monday, June 7, 2010 - 2:04pm | 159Citi Investment Research & Analysis analysts William R Katz and Neil Stratton rated the Och-Ziff Capital Management Group (NYSE: OZM) a High Risk, with a price target of $22 per share. The analysts said that the three biggest risks facing Och-Ziff Capital Management Group were the company's...
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Citi Rates Legg Mason (LM) Medium Risk
Monday, June 7, 2010 - 1:55pm | 139Citi Investment Research & Analysis analysts William R Katz and Neil Stratton rated shares of Legg Mason Inc (NYSE: LM) a Medium Risk, with a target price of $41 per share. The analysts said that Legg Mason's recent outflows were offset by the company's diversification in stocks, fixed income...
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Citi Rates Invesco (IVZ) A Medium Risk
Monday, June 7, 2010 - 1:34pm | 196Citi Investment Research & Analysis analysts William R Katz and Neil Stratton rated shares of Invesco Ltd (NYSE: IVZ) a Medium Risk, with a price target of $25 per share. The analysts said that the Invesco Ltd price target of 15 x target P/E was in line with the company's peers. They said that...
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Citi Rates Franklin Resources (BEN) Low Risk
Monday, June 7, 2010 - 11:44am | 209Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free. Citi Investment Research & Analysis analysts William R Katz and Neil Stratton rated shares of Franklin Resources Inc (NYSE: BEN) a Low Risk, with a target price of $132 per share. The...
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Citi Rates Artio Global Investors (ART) High Risk
Monday, June 7, 2010 - 11:30am | 192Citi Investment Research & Analysis analysts William R Katz and Neil Stratton rated shares of Artio Global Investors Inc (NYSE: ART) a High Risk, with a price target of $21 per share. When determining the price target, the analysts said that they applied a multiple lower than that used for the...
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Citi Rates Allianceberstein Holding (AB) A Medium Risk
Monday, June 7, 2010 - 11:19am | 211Citi Investment Research & Analysis analysts William R Katz and Neil Stratton rated shares of Allianceberstein Holding L.P. (NYSE: AB) Medium Risk, with a target price of $32 per share. Katz and Stratton said that because Allianceberstein Holding L.P. was in the early stages of a turnaround,...