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C

Citi

$69.67

-0.55 (-0.78%)

10:00
04/06/18
04/06
10:00
04/06/18
10:00

Vote of confidence in Citi ahead of earnings

Vote of confidence in Citi ahead of earnings. The stock off 47c to $69.75 and Apr 67 puts are sold at 66 to 71c per contract. 10.4K trade total against 1.5K open interest and the put writing opens positions struck 3.9% below spot. Citi and a number of other large banks will kick off the reporting season one week from today.

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C Citi
$69.67

-0.55 (-0.78%)

01/17/18
01/17/18
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. Apple (AAPL) downgraded to Neutral from Buy at Longbow with analyst Shawn Harrison saying the current iPhone cycle is "good, not great." 2. Dish (DISH) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Benjamin Swinburne saying he now sees fewer likely buyers of its assets than hoped. 3. Juniper (JNPR) downgraded to Underweight from Equal Weight at Barclays with analyst Mark Moskowitz citing a lack of service provider rebound in 2018 as well as a rising threat from Arista in routing. 4. Citi (C) was downgraded to Hold from Buy at Vertical Group and to Market Perform from Outperform at Keefe Bruyette. 5. Shell Midstream (SHLX) downgraded to Hold from Buy at Stifel with the firm citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/02/18
MSCO
02/02/18
NO CHANGE
MSCO
BofA, JPMorgan, Citi best positioned for tougher CCAR test, says Morgan Stanley
Morgan Stanley analyst Betsy Graseck said she had expected an easier stress test from the Federal Reserve but that the 2018 CCAR test actually seems tougher than last year, given the more intense recessions and lower asset prices modeled in it. A tougher test makes her less optimistic on her strong payout growth expectations, said Graseck, who sees Bank of America (BAC), JPMorgan (JPM) and Citi (C) as best positioned to "weather the storm" and increase payouts given their resilient balance sheets and significant excess capital. She sees Goldman Sachs (GS), which recently cut buybacks, as at risk from a tougher test, which likely weighs on the bank's 2018 ask, Graseck added.
04/05/18
UBSW
04/05/18
UPGRADE
Target $80
UBSW
Buy
Citi upgraded to Buy from Neutral at UBS
UBS analyst Raul Martinez upgraded Citi to Buy and raised his price target for the shares to $80 from $78. The risk/reward profile of owning the shares now skews positive, Martinez tells investors in a research note. He believes profitability in Citi's Global Consumer Banking "should grind higher" from current levels, while its capital optimization opportunities "remain considerable." The analyst is also encouraged by better loan growth and earnings momentum at Citibanamex. Martinez notes that Citi shares trade at a discount to all the banks he covers.
04/05/18
04/05/18
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. Merck (MRK) upgraded to Overweight from Equal Weight at Barclays with analyst Geoffrey Meacham saying he believes the company will continue to take share in first-line lung cancer, driven by positive KN-189 and KN-042 data. 2. Acuity Brands (AYI) upgraded to Outperform from Market Perform at JMP Securities with analyst Joseph Osha saying he believes the stock is finally trading at a "reasonable valuation based on reasonable expectations." 3. AMD (AMD) upgraded to Buy from Hold at Stifel with analyst Kevin Cassidy citing valuation and the company's margin expansion potential. 4. Tiffany (TIF) upgraded to Buy from Hold at Loop Capital with analyst Laura Champine saying her initial meeting with the company's new CEO Alessandro Bogliogo added to her confidence. 5. Citi (C) and Wells Fargo (WFC) were upgraded to Buy from Neutral at UBS. 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

ANTM

Anthem

$225.08

-2.11 (-0.93%)

06:00
04/25/18
04/25
06:00
04/25/18
06:00
Earnings
Anthem reports Q1 adjusted EPS $5.41, consensus $4.91 »

Reports Q1 revenue…

03/08/13
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    Apr

05:50
04/25/18
04/25
05:50
04/25/18
05:50
General news
FX Action: USD-JPY corrected to a 108.98 low »

FX Action: USD-JPY…

CHKP

Check Point

$102.95

0.17 (0.17%)

05:38
04/25/18
04/25
05:38
04/25/18
05:38
Earnings
Check Point reports Q1 EPS $1.30, consensus $1.28 »

Reports Q1 revenue…

03/08/13
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03/06/13
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03/06/13
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DISCA

Discovery

$23.94

0.17 (0.72%)

05:36
04/25/18
04/25
05:36
04/25/18
05:36
Hot Stocks
Discovery enters partnership with Digital Element »

Digital Element announced…

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    May

SOGO

Sogou

$8.55

0.15 (1.79%)

05:35
04/25/18
04/25
05:35
04/25/18
05:35
Earnings
Breaking Earnings news story on Sogou »

Sogou sees Q2 revenue…

03/08/13
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03/06/13
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  • 25

    Apr

SOGO

Sogou

$8.55

0.15 (1.79%)

05:34
04/25/18
04/25
05:34
04/25/18
05:34
Earnings
Sogou reports Q1 EPS 5c, consensus 3c »

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03/06/13
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  • 25

    Apr

CYOU

Changyou.com

$28.79

-0.9 (-3.03%)

05:32
04/25/18
04/25
05:32
04/25/18
05:32
Earnings
Changyou.com sees Q2 EPS 38c-47c, consensus 53c »

Sees Q2 revenue…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 25

    Apr

CYOU

Changyou.com

$28.79

-0.9 (-3.03%)

05:30
04/25/18
04/25
05:30
04/25/18
05:30
Earnings
Changyou.com reports Q1 adj. EPS (30c), may not compare to consensus 53c »

Reports Q1 revenue $137M,…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 25

    Apr

SOHU

Sohu.com

$30.26

-0.65 (-2.10%)

05:29
04/25/18
04/25
05:29
04/25/18
05:29
Earnings
Sohu.com sees Q2 EPS ($1.65)-($1.40), consensus ($1.32) »

Sees Q2 revenue…

03/08/13
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03/06/13
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  • 25

    Apr

SOHU

Sohu.com

$30.26

-0.65 (-2.10%)

05:28
04/25/18
04/25
05:28
04/25/18
05:28
Earnings
Breaking Earnings news story on Sohu.com »

Sohu.com reports Q1…

03/08/13
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03/06/13
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03/06/13
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  • 25

    Apr

SOHU

Sohu.com

$30.26

-0.65 (-2.10%)

05:26
04/25/18
04/25
05:26
04/25/18
05:26
Earnings
Sohu.com reports Q1 EPS ($2.39), consensus ($1.56) »

Reports Q1 revenue $455M,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 25

    Apr

FOSL

Fossil

$14.21

-0.165 (-1.15%)

05:25
04/25/18
04/25
05:25
04/25/18
05:25
Hot Stocks
Fossil signs global license partnership with PUMA for watches, smartwatches »

Fossil Group and PUMA SE…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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NVS

Novartis

$77.00

-0.595 (-0.77%)

05:23
04/25/18
04/25
05:23
04/25/18
05:23
Hot Stocks
Novartis announces launch of FocalView app »

Novartis announced the…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 17

    May

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    Jun

EEFT

Euronet

$75.32

-1.04 (-1.36%)

05:22
04/25/18
04/25
05:22
04/25/18
05:22
Earnings
Breaking Earnings news story on Euronet »

Euronet sees Q2 adj. EPS…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 25

    Apr

EEFT

Euronet

$75.32

-1.04 (-1.36%)

05:21
04/25/18
04/25
05:21
04/25/18
05:21
Earnings
Euronet reports Q1 adj. EPS 73c, consensus 73c »

Reports Q1 revenue…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 25

    Apr

ILMN

Illumina

$238.65

-7.19 (-2.92%)

05:02
04/25/18
04/25
05:02
04/25/18
05:02
Recommendations
Illumina analyst commentary  »

Illumina target upped to…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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PPG

PPG

$105.74

-3.12 (-2.87%)

04:56
04/25/18
04/25
04:56
04/25/18
04:56
Upgrade
PPG rating change  »

PPG upgraded to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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ACN

Accenture

$151.02

-2.07 (-1.35%)

04:55
04/25/18
04/25
04:55
04/25/18
04:55
Conference/Events
Accenture to host analyst and investor meeting »

Analyst and Investor…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 25

    Apr

AKAM

Akamai

$70.95

-0.73 (-1.02%)

, MRK

Merck

$60.08

-0.16 (-0.27%)

04:55
04/25/18
04/25
04:55
04/25/18
04:55
Conference/Events
Boardroom Resources to hold a summit »

2018 Boardroom Summit…

AKAM

Akamai

$70.95

-0.73 (-1.02%)

MRK

Merck

$60.08

-0.16 (-0.27%)

JNJ

Johnson & Johnson

$126.18

-0.65 (-0.51%)

LPLA

LPL Financial

$61.04

-0.5 (-0.81%)

GHC

Global Consumer Acquisition Corporation

$611.35

-4.65 (-0.75%)

FUN

Cedar Fair

$63.63

-0.44 (-0.69%)

DECK

Deckers Brands

$90.83

1.13 (1.26%)

CPB

Campbell Soup

$41.08

0.25 (0.61%)

BURBY

Burberry

AWK

American Water

$84.79

0.5 (0.59%)

BLK

BlackRock

$514.01

-5.79 (-1.11%)

STT

State Street

$101.07

-1.28 (-1.25%)

EA

Electronic Arts

$118.56

-0.99 (-0.83%)

HSY

Hershey

$92.81

-0.33 (-0.35%)

EQR

Equity Residential

$60.62

0.21 (0.35%)

APOG

Apogee Enterprises

$41.55

-1.11 (-2.60%)

VMC

Vulcan Materials

$111.32

-2.53 (-2.22%)

WEN

Wendy's

$16.84

-0.385 (-2.24%)

TWX

Time Warner

$96.02

-0.32 (-0.33%)

AMGN

Amgen

$171.91

-2.75 (-1.57%)

AGN

Allergan

$156.91

-2.98 (-1.86%)

CSCO

Cisco

$43.74

-0.49 (-1.11%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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ANF

Abercrombie & Fitch

$27.03

0.265 (0.99%)

04:55
04/25/18
04/25
04:55
04/25/18
04:55
Conference/Events
Abercrombie & Fitch to host investor meeting »

Investor meeting to be…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 25

    Apr

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    Jun

NVS

Novartis

$77.00

-0.595 (-0.77%)

, GSK

GlaxoSmithKline

$40.63

0.29 (0.72%)

04:55
04/25/18
04/25
04:55
04/25/18
04:55
Conference/Events
Drug Information Association to hold a forum »

Biostatistics Industry…

NVS

Novartis

$77.00

-0.595 (-0.77%)

GSK

GlaxoSmithKline

$40.63

0.29 (0.72%)

LLY

Eli Lilly

$80.09

-0.16 (-0.20%)

AZN

AstraZeneca

$35.13

-0.4 (-1.13%)

MRK

Merck

$60.08

-0.16 (-0.27%)

AMGN

Amgen

$171.91

-2.75 (-1.57%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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04:55
04/25/18
04/25
04:55
04/25/18
04:55
Conference/Events
UBS basic materials analyst to hold an analyst/industry conference call »

Basic Materials Analyst…

SBPH

Spring Bank Pharmaceuticals

$14.50

0.18 (1.26%)

04:55
04/25/18
04/25
04:55
04/25/18
04:55
Conference/Events
Spring Bank Pharmaceuticals management to meet with Jefferies »

Meeting to be held in San…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 03

    May

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    May

IOVA

Iovance Biotherapeutics

$14.40

-0.1 (-0.69%)

04:55
04/25/18
04/25
04:55
04/25/18
04:55
Conference/Events
Iovance Biotherapeutics management to meet with Jefferies »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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04:55
04/25/18
04/25
04:55
04/25/18
04:55
General news
Breaking General news story  »

Week of 4/20 MBA Mortgage…

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