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C

Citi

$49.28

0.21 (0.43%)

, SAN

Banco Santander

$4.43

-0.11 (-2.42%)

18:11
10/09/16
10/09
18:11
10/09/16
18:11

Citi to sell Argentina consumer banking unit to Banco Santander

Citi (C) announced it has reached a definitive agreement to sell its consumer banking business in Argentina to Banco Santander (SAN) Rio. Citigroup said it does not expect the financial terms of the transaction to be material to its earnings. The sale involves approximately $1.4B in assets for Citi in Argentina and includes credit cards, personal loans and Citi Argentina's retail brokerage business, as well as deposit accounts. Citi will continue serving its commercial banking and corporate and investment banking clients in the country.

C

Citi

$49.28

0.21 (0.43%)

SAN

Banco Santander

$4.43

-0.11 (-2.42%)

  • 14

    Oct

  • 23

    Oct

  • 26

    Oct

C Citi
$49.28

0.21 (0.43%)

09/13/16
SOCG
09/13/16
DOWNGRADE
SOCG
Sell
Citi downgraded to Sell from Hold at Societe Generale
09/13/16
SOCG
09/13/16
DOWNGRADE
Target $42
SOCG
Sell
Societe Generale cuts Citi to Sell, Bank of America to Hold
Societe Generale downgraded Citi (C) to Sell from Hold and Bank of America (BAC) to Hold from Buy. The firm has a $42 price target for shares of Citi and attributes an increased negative stance on Cards for the downgrade. Societe Generale has a $17 price target for Bank of America and cites revenue growth for the downgrade to Hold. Citi is trading down 86c to $46.93 and Bank of America is trading down 19c to $15.71.
09/16/16
GSCO
09/16/16
DOWNGRADE
GSCO
Neutral
Citi downgraded to Neutral from Buy at Goldman
Goldman analyst Richard Ramsden downgraded Citi to Neutral and lowered his price target on the shares to $50 from $52. The analyst said Citi's expected earnings inflection has failed to materialize and ROEs are at 7.7%, well below management's 10% target. Ramsden's analysis suggests growth in higher return businesses, such as credit cards and wealth management, and expense discipline will not be enough to increase ROE all the way to its 10% target. Citi remains a capital returns story, constrained by the utilization of deferred tax assets, the analyst wrote in his report.
09/16/16
09/16/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. 21st Century Fox (FOX, FOXA) downgraded to Market Perform from Outperform at Bernstein with analyst Jason Park citing a reduction in his estimates for the company's Star India business. 2. Wells Fargo (WFC) downgraded to Underweight from Neutral at Atlantic Equities. 3. Citi (C) downgraded to Neutral from Buy at Goldman with analyst Richard Ramsden saying Citi's expected earnings inflection has failed to materialize and ROEs are at 7.7%, well below management's 10% target. 4. McCormick (MKC) downgraded to Market Perform from Outperform at Bernstein with analyst Alexia Howard citing valuation. 5. Novavax (NVAX) downgraded to Neutral from Overweight at Piper Jaffray, to Neutral from Overweight at JPMorgan, to Neutral from Buy at Ladenburg, to Neutral from Outperform at Wedbush, and to Neutral from Buy at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
SAN Banco Santander
$4.43

-0.11 (-2.42%)

08/31/16
DBAB
08/31/16
UPGRADE
DBAB
Buy
Banco Santander upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded Banco Santander to Buy citing strong earnings momentum and an attractive valuation.
08/31/16
08/31/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. PNC Financial (PNC) upgraded to Outperform from Market Perform at Keefe Bruyette after transferring coverage to analyst Brian Klock. The analyst views the current valuation as attractive and sees opportunity for multiple expansion given PNC's diversified revenue stream. He upped the price target for the shares to $96 from $93. 2. Banco Santander (SAN) upgraded to Buy from Hold at Deutsche Bank, citing strong earnings momentum and an attractive valuation. 3. Pure Storage (PSTG) upgraded to Outperform from Perform at Oppenheimer by analyst Ittai Kidron, who thinks "too much negativism" is priced into the shares at current levels. The analyst believes FlashBlade can more than double Pure's addressable market longer term. Kidron set a $15 price target for the shares. 4. Digital Turbine (APPS) upgraded to Buy from Neutral at Ladenburg Thalmann, as analyst Jon Hickman believes new partner roll-outs in 2017 should improve revenue growth. The analyst raised his price target for the shares to $2.35 from $1.15. 5. Celadon Group (CGI) upgraded to Outperform from Market Perform at Avondale. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/16
LEHM
09/06/16
UPGRADE
LEHM
Overweight
Banco Santander upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Rohith Chandrarajan upgraded Banco Santander to Overweight with a price target of EUR 4.70.
09/06/16
09/06/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Intel (INTC) upgraded to Buy from Hold at Evercore ISI with analyst C.J. Muse saying fears of a slowdown in its Server business and sustained weakness in PCs have led Intel shares to underperform peers thus far in 2016. 2. Finisar (FNSR) upgraded to Buy from Hold at Stifel with analyst Patrick Newton saying he thinks that the outlook for demand for the company's 100G portfolio has improved, while worries about the competition facing the company's QSFP28 product are overdone. 3. Five Below (FIVE) upgraded to Neutral from Sell at Goldman with analyst Stephen Tanal saying the company has a compelling growth profile but shares are priced to perfection. 4. Banco Santander (SAN) upgraded to Overweight from Equal Weight at Barclays. 5. Michaels (MIK) upgraded to Outperform from Neutral at Credit Suisse with analyst Seth Sigman saying shares offer favorable risk/reward following the recent pullback and reaffirmed its $29 price target. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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LNCE

Snyder's-Lance

$34.88

-1.27 (-3.51%)

08:14
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MON

Monsanto

$117.25

-0.55 (-0.47%)

08:14
06/28/17
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Earnings
Monsanto sees FY17 ongoing EPS $4.50-$4.90, consenus $4.89 »

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  • 28

    Jun

MON

Monsanto

$117.25

-0.55 (-0.47%)

, BAYRY

Bayer

$137.59

0.89 (0.65%)

08:14
06/28/17
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Earnings
Monsanto reports Q3 ongoing EPS $1.93, consensus $1.76 »

Reports Q3 revenue…

MON

Monsanto

$117.25

-0.55 (-0.47%)

BAYRY

Bayer

$137.59

0.89 (0.65%)

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  • 28

    Jun

TYG

Tortoise Energy

$29.13

-0.14 (-0.48%)

08:13
06/28/17
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08:13
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Tortoise Energy rating change  »

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GBT

Global Blood Therapeutics

$27.50

-0.4 (-1.43%)

08:12
06/28/17
06/28
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08:12
Hot Stocks
Global Blood Therapeutics receives EMA PRIME designation for GBT440 »

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UNF

UniFirst

$139.05

-1.25 (-0.89%)

08:12
06/28/17
06/28
08:12
06/28/17
08:12
Earnings
UniFirst sees FY17 EPS $4.85-$5.00, consensus $5.01 »

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  • 28

    Jun

UNF

UniFirst

$139.05

-1.25 (-0.89%)

08:11
06/28/17
06/28
08:11
06/28/17
08:11
Earnings
UniFirst reports Q3 adj. EPS $1.36, consensus $1.34 »

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  • 28

    Jun

MNRO

Monro Muffler

$45.15

-0.8 (-1.74%)

08:10
06/28/17
06/28
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08:10
Hot Stocks
Monro Muffler appoints Ponton to succeed Van Heel as CEO »

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NUVA

NuVasive

$75.54

-1.15 (-1.50%)

08:08
06/28/17
06/28
08:08
06/28/17
08:08
Recommendations
NuVasive analyst commentary  »

NuVasive price target…

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  • 28

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CA

CA Technologies

$34.62

-0.19 (-0.55%)

08:08
06/28/17
06/28
08:08
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08:08
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CA Technologies analyst commentary  »

Potential CA Technologies…

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XPO

XPO Logistics

$60.84

-0.32 (-0.52%)

08:06
06/28/17
06/28
08:06
06/28/17
08:06
Initiation
XPO Logistics initiated  »

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  • 07

    Jul

CBI

CB&I

$20.03

5.63 (39.10%)

08:04
06/28/17
06/28
08:04
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08:04
Hot Stocks
CB&I awarded contract by Shurtan Gas Chemical Complex »

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LMNX

Luminex

$20.92

-0.3 (-1.41%)

08:04
06/28/17
06/28
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08:04
Hot Stocks
Luminex receives CE-IVD mark for ARIES Norovirus Assay »

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  • 30

    Jul

NVIV

InVivo Therapeutics

$2.75

0.2 (7.84%)

08:04
06/28/17
06/28
08:04
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08:04
Hot Stocks
InVivo Therapeutics reports two patients in study improve in INSPIRE assessments »

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  • 26

    Sep

MSA

MSA Safety

$79.73

0.44 (0.55%)

08:03
06/28/17
06/28
08:03
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08:03
Hot Stocks
MSA Safety to acquire Globe Holding Company for $215M in cash »

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HCA

HCA Holdings

$86.01

-0.61 (-0.70%)

07:59
06/28/17
06/28
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07:59
Initiation
HCA Holdings initiated  »

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STT

State Street

$87.90

0.08 (0.09%)

07:59
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  • 26

    Jul

OLN

Olin Corp.

$29.31

0.29 (1.00%)

07:58
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Olin Corp. analyst commentary  »

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DSKE

Daseke

$10.40

0.09 (0.87%)

07:57
06/28/17
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Daseke analyst commentary  »

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TRU

TransUnion

$43.52

-0.78 (-1.76%)

07:57
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TransUnion analyst commentary  »

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  • 25

    Jul

COST

Costco

$159.26

-0.94 (-0.59%)

, AMZN

Amazon.com

$976.78

-17.2 (-1.73%)

07:56
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07:56
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Costco, Amazon.com analyst commentary  »

Costco weakness a buying…

COST

Costco

$159.26

-0.94 (-0.59%)

AMZN

Amazon.com

$976.78

-17.2 (-1.73%)

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  • 28

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PYPL

PayPal

$52.73

-1.01 (-1.88%)

07:55
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