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C

Citi

$48.59

0.12 (0.25%)

11:42
10/14/16
10/14
11:42
10/14/16
11:42

Citi CFO Gerspach says bank now has the right branch footprint

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    Oct

C Citi
$48.59

0.12 (0.25%)

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.
10/10/16
OPCO
10/10/16
NO CHANGE
OPCO
Oppenheimer technical analyst upgrades Financials, downgrades Consumer Staples
Oppenheimer technical analyst Ari Wald upgraded the Financials sector to Market Weight and downgraded Consumer Staples to Underweight in next step in the firm's "cyclical rotation road map." Wald identified Ameriprise (AMP), Bank of America (BAC), Citi (C), Goldman Sachs (GS), Lincoln National (LNC) and SunTrust (STI) as six stocks breaking higher that he sees as likely to benefit from internal market rotation.
10/11/16
COMP
10/11/16
INITIATION
Target $39
COMP
Sell
Citi initiated with a Sell at Compass Point
Compass Point analyst Charles Peabody initiated Citi with a Sell and a $39 price target saying earnings continue to look week combined with soft international and capital markets.

TODAY'S FREE FLY STORIES

ACN

Accenture

$121.23

0.51 (0.42%)

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CGG

CGG SA

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PI

Impinj

$31.17

-4.19 (-11.85%)

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HRS

Harris

$109.46

0.81 (0.75%)

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BABA

Alibaba

$100.52

-0.3 (-0.30%)

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Alibaba announces strategic partnership with Bailian Group »

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SWIR

Sierra Wireless

$27.80

1.575 (6.01%)

, VLKAY

Volkswagen

$30.87

-0.65 (-2.06%)

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SWIR

Sierra Wireless

$27.80

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VLKAY

Volkswagen

$30.87

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PGNX

Progenics

$10.62

0.08 (0.76%)

, CLMS

Calamos

$8.24

-0.03 (-0.36%)

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Progenics to replace Calamos in S&P 600 as of 2/20 close »

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PGNX

Progenics

$10.62

0.08 (0.76%)

CLMS

Calamos

$8.24

-0.03 (-0.36%)

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SFLY

Shutterfly

$48.06

0.66 (1.39%)

, VASC

Vascular Solutions

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SFLY

Shutterfly

$48.06

0.66 (1.39%)

VASC

Vascular Solutions

TFX

Teleflex

$179.91

1.86 (1.04%)

03/08/13
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NKTR

Nektar

$13.10

0.12 (0.92%)

, BMY

Bristol-Myers

$54.59

0.31 (0.57%)

14:48
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Nektar reports Phase 1 data on NKTR-214 in kidney cancer »

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NKTR

Nektar

$13.10

0.12 (0.92%)

BMY

Bristol-Myers

$54.59

0.31 (0.57%)

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XNCR

Xencor

$24.28

0.5 (2.10%)

14:38
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RHHBY

Roche

$30.53

0.02 (0.07%)

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RVSB

Riverview Bancorp

$7.50

-0.11 (-1.45%)

14:30
02/20/17
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Breaking Hot Stocks news story on Riverview Bancorp »

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OCN

Ocwen

$5.24

0.09 (1.75%)

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  • 22

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SYF

Synchrony

$36.68

-0.17 (-0.46%)

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ANTM

Anthem

$160.25

-3.52 (-2.15%)

, CI

Cigna

$143.56

-1.77 (-1.22%)

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ANTM

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CI

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ESRX

Express Scripts

$69.97

0.74 (1.07%)

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  • 22

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QSR

Restaurant Brands

$53.90

0.05 (0.09%)

, PLKI

Popeyes

$66.12

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AAPL

Apple

$135.72

0.375 (0.28%)

, AMAT

Applied Materials

$35.67

0.49 (1.39%)

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AAPL

Apple

$135.72

0.375 (0.28%)

AMAT

Applied Materials

$35.67

0.49 (1.39%)

OLED

Universal Display

$72.15

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GLW

Corning

$27.65

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SSNLF

Samsung

LPL

LG Display

$12.39

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  • 01

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TOSBF

Toshiba, also use TOSYY

$1.61

-0.182 (-10.17%)

, TOSYY

Toshiba, also use TOSBF

$9.55

-1.085 (-10.21%)

13:32
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TOSBF

Toshiba, also use TOSYY

$1.61

-0.182 (-10.17%)

TOSYY

Toshiba, also use TOSBF

$9.55

-1.085 (-10.21%)

03/08/13
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DIN

DineEquity

$60.14

-6.41 (-9.63%)

13:27
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  • 01

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HD

Home Depot

$143.00

1.46 (1.03%)

13:09
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ADNT

Adient

$64.01

-0.69 (-1.07%)

, JCI

Johnson Controls

$41.91

0.23 (0.55%)

12:58
02/20/17
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Adient could offer 35% upside, Barron's says »

Shares of Adient (ADNT)…

ADNT

Adient

$64.01

-0.69 (-1.07%)

JCI

Johnson Controls

$41.91

0.23 (0.55%)

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HES

Hess Corp.

$51.75

0.45 (0.88%)

12:47
02/20/17
02/20
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Steer clear of Hess Corp, Barron's says »

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  • 06

    Mar

GM

General Motors

$37.22

0.19 (0.51%)

12:33
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General Motors stock could reach $50 in a year, Barron's says »

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  • 28

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11:43
02/20/17
02/20
11:43
02/20/17
11:43
Conference/Events
DA Davidson E&C and industrials analysts hold analyst/industry conference call »

E&C, Materials &…

11:38
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02/20
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DA Davidson technology/software analysts hold analyst/industry conference call »

Technology Analyst…

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