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C

Citi

$48.64

0.17 (0.35%)

, COST

Costco

$150.22

-0.24 (-0.16%)

11:48
10/14/16
10/14
11:48
10/14/16
11:48

Citi CFO Gerspach says Costco new account acquisitions far exceeded epectations

C

Citi

$48.64

0.17 (0.35%)

COST

Costco

$150.22

-0.24 (-0.16%)

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C Citi
$48.64

0.17 (0.35%)

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.
COST Costco
$150.22

-0.24 (-0.16%)

09/12/16
JPMS
09/12/16
NO CHANGE
Target $179
JPMS
Overweight
Costco recent selloff a buying opportunity, says JPMorgan
JPMorgan analyst Christopher Horvers views the recent pullback in shares of Costco as a buying opportunity. The newly rolled out co-branded credit card should drive basket size and potentially traffic, Horvers tells investors in a research note. He believes Costco's "moderate" same-store-sales miss in August is a bright spot in retrospect given the subsequent negative preannouncements from peers. The analyst keeps an Overweight rating on the shares with a $179 price target.
09/23/16
LEHM
09/23/16
INITIATION
Target $158
LEHM
Equal Weight
Costco assumed with an Equal Weight at Barclays
Barclays analyst Karen Short assumed coverage of Costco with an Equal Weight rating and $158 price target. The rating is unchanged from the firm's prior coverage and the price target is lowered from $180.
09/23/16
BARD
09/23/16
NO CHANGE
Target $175
BARD
Outperform
Costco weakness a buying opportunity, says Baird
Baird analyst Peter Benedict recommends buying Costco (COST) on its pullback as he believes the shares offer a compelling value proposition. The analyst also sees Costco as having a loyal membership model that remains a positive in today's challenging retail world. Benedict sees better traffic/sales later this year as comps ease and members recognize the benefits of the new co-branded Visa (V) card. He reiterated his Outperform rating and $175 price target on Costco shares.
10/03/16
BARD
10/03/16
NO CHANGE
Target $175
BARD
Outperform
Costco could see sluggish September comps, says Baird
Baird analyst Peter Benedict previewed September sales for Costco (COST). He believes comps could be sluggish as they are going against difficult comparisons. Looking ahead, however, he sees better traffic and sales as comparisons start to ease and members increasingly recognize the benefits of the new co-branded Visa (V) card. Benedict reiterated his Outperform rating and $175 price target on Costco shares.

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WHR

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General news
U.S. chain store sales rose 0.6% in the week ended April 22 »

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KO

Coca-Cola

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Coca-Cola sees FY17 net CapEx $2B-$2.5B »

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XLE

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XLY

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SNE

Sony

$33.82

0.14 (0.42%)

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XLB

S&P Select Materials SPDR

$52.80

0.6 (1.15%)

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COH

Coach

$39.30

0.19 (0.49%)

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XLU

Utilities SPDR

$52.00

0.27 (0.52%)

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XLP

Consumer Staples Sector SPDR

$55.50

0.5 (0.91%)

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XLV

Health Care Select Sector SPDR

$74.41

0.73 (0.99%)

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ALK

Alaska Air

$90.68

1.57 (1.76%)

, VA

Virgin America

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ALK

Alaska Air

$90.68

1.57 (1.76%)

VA

Virgin America

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IWM

iShares Trust Russell 2000 Index Fund

$138.92

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KO

Coca-Cola

$43.28

0.21 (0.49%)

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DIA

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SPY

SPDR S&P 500 ETF Trust

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Financial Select Sector

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SMH

Market Vectors Semiconductor

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Nasdaq Composite

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