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Citigroup: C-Corp Conversion Raises 'Absolute Upside' For KKR
Wednesday, May 16, 2018 - 10:35am | 329Read More...One logical corollary of the tax reform is companies scrambling to take advantage of reduced tax rates. KKR & Co. L.P. Unit (NYSE: KKR) recently announced Q1 results and also communicated the decision to convert itself from a partnership to a corporation, effective July 1, in a bid to broaden...
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Citi Downgrades Charles Schwab On Valuation Concerns
Wednesday, February 7, 2018 - 1:59pm | 423Read More...There may not be anything wrong with Charles Schwab Corp (NYSE: SCHW)’s business, but one Wall Street analyst says there’s plenty wrong with the stock’s current share price. The Analyst Citi analyst William Katz downgraded Charles Schwab from Neutral to Sell and lowered his...
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Citi: Wait For A Better Entry Point In BlackRock
Thursday, January 25, 2018 - 10:18am | 343Read More...Citi turned bullish on BlackRock, Inc. (NYSE: BLK) back in 2016, but the firm said its case for being aggressive on the stock no longer applies. The Analyst Citi's William Katz downgraded BlackRock's stock rating from Buy to Neutral with an unchanged $625 price target. The Thesis Citi...
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Citigroup Reinstates Coverage Of Bats Global Markets Ahead Of Q3 Earnings
Tuesday, October 25, 2016 - 12:34pm | 299Read More...Citi has reinstated coverage on Bats Global Markets Inc (BATS: BATS) with a Neutral rating ahead of the company’s third-quarter results on November 3 and following its deal to be acquired by CBOE Holdings, Inc (NASDAQ: CBOE) for about $3.2 billion. “While we see the company well...
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BlackRock Looks Solid; Citi Reiterates Buy Rating
Thursday, June 16, 2016 - 11:53am | 200Read More...Against the backdrop of BlackRock, Inc. (NYSE: BLK)'s third investor day, Citi's William Katz remains bullish on the stock and maintains his buy rating. Katz remains positive on BLK as the company's "technology, globality, scale, and solutions orientation position the firm well ahead of peers in...
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Citi Sees BATS Growth Initiatives As 'Tracking To Plan,' But Maintains Neutral
Thursday, June 9, 2016 - 11:56am | 277Read More...Citi maintains its Neutral rating and $29 price target on Bats Global Markets Inc (BATS: BATS), despite saying the exchange operator's growth initiatives seem to be tracking to plan. "We still see the opportunity for outsized growth against peers, particularly in Hotspot (FX) platform, but we would...
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Citigroup's Potential Pair Trade On T. Rowe Price And Affiliated Managers Group
Thursday, January 29, 2015 - 9:55am | 233Read More...William Katz of Citigroup on Thursday introduced a potential pair trade between Overweight-rated Affiliated Managers Group, Inc. (NYSE: AMG) and Underweight-rated T. Rowe Price Group Inc (NASDAQ: TROW) given a “favorable trade-off” between the two asset managers. Katz offers four...
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Citigroup Reduces FXCM's Price Target, Maintains At Sell/High Risk Rating
Tuesday, January 20, 2015 - 10:31am | 137Read More...William Katz of Citigroup on Tuesday maintained a Sell/High Risk rating on shares of FXCM Inc (NYSE: FXCM) with a price target lowered by $4.25 to $0.75 following details that emerged over the weekend of Leucadia's $300 million rescue package. Katz notes that the “onerous” terms include an annual...
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Citigroup Upgrades RCS Capital, Notes 'Upside Now Exceeds Downside'
Tuesday, December 16, 2014 - 10:46am | 191Read More...William Katz of Citigroup on Tuesday upgraded shares of RCS Capital Corp (NYSE: RCS) to Buy from Neutral with a price target raised to $19 from a previous $13 following a recent meeting with the company's management. “We came away from our recent management meeting constructive around...
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Citigroup Upgrades Apollo Global Management, Says 'The Only Thing Distressed Is The Stock Price'
Tuesday, December 16, 2014 - 9:31am | 241Read More...William Katz of Citigroup on Tuesday upgraded shares of Apollo Global Management LLC (NYSE: APO) to Buy from Neutral with a price target raised to $27 from a previous $24 following the company's Investor Day held on December 11. “Three factors drive the change in thinking,” Katz...
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Citigroup Offers Up A Pair Trade For AllianceBernstein Holding LP And Artisan Partners Asset Management Inc
Friday, September 12, 2014 - 9:37am | 153Read More...In a note released Friday morning, Citigroup analyst William Katz initiated an Overweight AllianceBernstein Holding LP (NYSE: AB) and Underweight Artisan Partners Asset Management Inc (NYSE: APAM) pair trade. Katz's view is that AllianceBernstein is emerging from a "multi-year funk...
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Citigroup Says Waddell Has Gone From 'Flow Mo To No Mo'
Thursday, July 10, 2014 - 8:58am | 197Read More...Shares of Waddell & Reed Financial (NYSE: WDR) are likely to come under fire Thursday after a Citigroup research report called the company “From Flow Mo’ To No Mo’.” The stock was downgraded from Buy to Neutral and its price target was cut from $71 to $66. Citigroup...
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UPDATE: Citi Downgrades Eaton Vance
Thursday, January 16, 2014 - 11:36am | 147Read More...In a report published Thursday, Citi analyst William Katz downgraded Eaton Vance (NYSE: EV) to See from Neutral, dropping its price target to $37.00 from $40.00. According to the report, the downgrade follows underlying flow dynamics continue to worsen. The analysts see C2014 as a turbulent flow...
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Citi Lowers Price Target for T Rowe Price, Still Rates Buy (TROW)
Friday, June 18, 2010 - 9:21am | 79Read More...Citi analyst William Katz reaffirmed a Buy rating for T Rowe Price Group (NASDAQ: TROW), while lowering EPS to $57.00 from $60.00. According to Katz, upsides for T Rowe Price include: "1) TROW well positioned to outgrow sector organically; and 2) buyback likely dominant liquidity/FCF theme" Risks...
