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C

Citi

$63.14

0.68 (1.09%)

09:18
01/22/19
01/22
09:18
01/22/19
09:18

Citi CEO says he won't discount struggling European banks, Bloomberg reports

Citigroup CEO Michael Corbat said he would not count European banks out despite their slower recovery from the global financial crisis, Bloomberg reports, citing Corbat. "I don't and I never would discount the European banks. Don't overestimate the U.S. banks' position, and don't underestimate the European banks' position," he said, adding, "The industrial logic is certainly there for consolidation. The question is, do governments and regulators want to allow it to happen? We don't know because we haven't seen it. We hear talk that European regulators are ripe for that consolidation." Reference Link

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C Citi
$63.14

0.68 (1.09%)

01/15/19
JEFF
01/15/19
NO CHANGE
Target $64
JEFF
Hold
Citi price target raised to $64 from $61 at Jefferies
Jefferies analyst Ken Usdin raised his price target for Citi to $64 saying the bank in Q4 "powered through" a revenue and earnings miss with better than expected credit metrics. The analyst raised is 2019 earnings per share estimate by 25c to $7.75 and 2020 estimate by 35c to $9.15. However, he keeps a Hold rating on Citi shares.
01/15/19
01/15/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Viacom (VIA, VIAB) upgraded to Buy from Hold at Pivotal Research with analyst Brian Wieser citing valuation. 2. Citi (C) upgraded to Outperform from Market Perform at BMO Capital with analyst James Fotheringham saying the bank's Q4 earnings and outlook were "just fine," but the stock trades "as if tragedy were nigh" at a 2-year forward multiple of 6.3-times earnings relative to the average historical valuation of 9.5-times. 3. Grainger (GWW) upgraded to Outperform from Neutral at Macquarie. 4. Helmerich & Payne (HP) upgraded to Overweight from Neutral at JPMorgan with analyst Sean Meakim saying while Helmerich is not immune from lower exploration and production spending, there is too much pessimism on the company's ability to sustain EBITDA in such an environment. 5. Akamai (AKAM) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Keith Weiss citing his increased confidence in durable high single digit revenue growth and margins improving. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/16/19
STPT
01/16/19
DOWNGRADE
STPT
Hold
Citi downgraded to Hold from Buy at Standpoint Research
01/16/19
01/16/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Citi (C) downgraded to Hold from Buy at Standpoint Research. 2. Snap (SNAP) downgraded to Sector Perform from Outperform at RBC Capital with analyst Mark Mahaney citing the company's recent "mixed" pre-announcement and, more importantly, its latest disclosure of a "surprise" exit by its CFO Tim Stone who was on the job for less than a year. 3. Nordstrom (JWN) downgraded to Neutral from Conviction Buy at Goldman Sachs, to Neutral from Overweight at Atlantic Equities, and to Market Perform from Outperform at Telsey Advisory. 4. AB InBev (BUD) downgraded to Underperform from Hold at Jefferies with analyst Edward Mundy saying market share pressures, some of which have only recently become visible, will likely persist, and could lead to disappointment against high expectations of an emerging-led recovery. 5. HP Enterprise (HPE) downgraded to Equal Weight from Overweight at Morgan Stanley, while NetApp (NTAP) was downgraded to Underweight from Equal Weight. 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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General news
FX Update: The dollar has been trading steady-to-firmer »

FX Update: The dollar…

CREE

Cree

$57.27

0.36 (0.63%)

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NOMD

Nomad Foods

$20.82

-0.63 (-2.94%)

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Nomad Foods 17.39M share Secondary priced at $20.00 »

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CDAY

Ceridian

$50.75

0.94 (1.89%)

03:26
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Syndicate
Ceridian 13M share Secondary priced at $50.50 »

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ATTO

Atento

$3.95

0.06 (1.54%)

20:51
03/19/19
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20:51
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20:51
Earnings
Atento reports Q4 recurring EPS 21c, consensus 17c »

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TRHC

Tabula Rasa HealthCare

$60.28

1.35 (2.29%)

20:47
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20:47
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20:47
Recommendations
Tabula Rasa HealthCare analyst commentary at Piper Jaffray »

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GIS

General Mills

$47.24

-0.365 (-0.77%)

20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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TRN

Trinity Industries

$22.46

-0.25 (-1.10%)

20:20
03/19/19
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20:20
Hot Stocks
Trinity Industries names Leldon Echols chairman of the board »

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TIGR

UP Fintech

$0.00

(0.00%)

20:06
03/19/19
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20:06
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20:06
Syndicate
UP Fintech 13M share IPO priced at $8.00 »

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SND

Smart Sand

$4.27

-0.4 (-8.57%)

20:01
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20:01
Initiation
Smart Sand initiated at B. Riley FBR »

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LYFT

Lyft

$0.00

(0.00%)

20:00
03/19/19
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20:00
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Initiation
Lyft initiated at DA Davidson »

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DERM

Dermira

$14.13

1.52 (12.05%)

19:40
03/19/19
03/19
19:40
03/19/19
19:40
Syndicate
Dermira 9.8M share Secondary priced at $13.25 per share »

Citi, Cowen, Cantor…

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  • 20

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NVRO

Nevro

$44.76

0.37 (0.83%)

19:38
03/19/19
03/19
19:38
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19:38
Upgrade
Nevro rating change at BMO Capital »

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TORC

ResTORbio

$7.16

-1.81 (-20.18%)

19:34
03/19/19
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19:34
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19:34
Syndicate
ResTORbio 7.2M share Secondary priced at $6.95 »

BofA/Merrill, SVB Leerink…

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NVRO

Nevro

$44.76

0.37 (0.83%)

19:33
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19:33
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19:33
Upgrade
Nevro rating change at BMO Capital »

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  • 20

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PFE

Pfizer

$42.32

0.51 (1.22%)

, MKGAY

Merck KGaA

$0.00

(0.00%)

19:17
03/19/19
03/19
19:17
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19:17
Hot Stocks
Pfizer, Merck KGaA discontinue Phase III JAVELIN Ovarian PARP study »

Merck KGaA (MKGAY) and…

PFE

Pfizer

$42.32

0.51 (1.22%)

MKGAY

Merck KGaA

$0.00

(0.00%)

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GOOG

Alphabet

$1,199.71

16.05 (1.36%)

, GOOGL

Alphabet Class A

$1,203.13

15.04 (1.27%)

19:11
03/19/19
03/19
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19:11
Hot Stocks
Google outlines changes to Android mobile options, ad formats in Europe »

Google said in a blog…

GOOG

Alphabet

$1,199.71

16.05 (1.36%)

GOOGL

Alphabet Class A

$1,203.13

15.04 (1.27%)

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GOOG

Alphabet

$1,199.71

16.05 (1.36%)

, GOOGL

Alphabet Class A

$1,203.13

15.04 (1.27%)

19:08
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19:08
Periodicals
Google offers Android, product ad concessions for Europe, WSJ says »

Google intends to ask all…

GOOG

Alphabet

$1,199.71

16.05 (1.36%)

GOOGL

Alphabet Class A

$1,203.13

15.04 (1.27%)

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SMAR

Smartsheet

$43.51

-0.16 (-0.37%)

, SCS

Steelcase

$17.49

-0.115 (-0.65%)

19:06
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19:06
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: …

SMAR

Smartsheet

$43.51

-0.16 (-0.37%)

SCS

Steelcase

$17.49

-0.115 (-0.65%)

AUPH

Aurinia Pharmaceuticals

$6.40

0.13 (2.07%)

NVRO

Nevro

$44.76

0.37 (0.83%)

SAGE

Sage Therapeutics

$156.08

-0.89 (-0.57%)

TME

Tencent Music

$18.65

-0.48 (-2.51%)

WPRT

Westport

$1.50

(0.00%)

AIR

AAR Corp.

$35.10

(0.00%)

FDX

FedEx

$181.50

-0.92 (-0.50%)

FNV

Franco-Nevada

$75.64

0.035 (0.05%)

PRNB

Principia Biopharma

$36.88

0.48 (1.32%)

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LGIH

LGI Homes

$54.89

-2.27 (-3.97%)

19:02
03/19/19
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19:02
Hot Stocks
LGI Homes announces new community in Las Vegas »

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SAGE

Sage Therapeutics

$156.08

-0.89 (-0.57%)

19:01
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Hot Stocks
Sage says Zulresso approval represents 'game-changing approach' to PPD »

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  • 19

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QTRX

Quanterix

$24.59

-0.01 (-0.04%)

18:55
03/19/19
03/19
18:55
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18:55
Syndicate
Breaking Syndicate news story on Quanterix »

Quanterix files $200M…

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AIHS

Senmiao Technology

$4.71

-0.275 (-5.52%)

18:55
03/19/19
03/19
18:55
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18:55
Syndicate
Breaking Syndicate news story on Senmiao Technology »

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INVH

Invitation Homes

$23.31

-0.23 (-0.98%)

18:54
03/19/19
03/19
18:54
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18:54
Syndicate
Breaking Syndicate news story on Invitation Homes »

Invitation Homes files to…

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  • 19

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PULM

Pulmatrix

$1.70

-0.09 (-5.03%)

18:53
03/19/19
03/19
18:53
03/19/19
18:53
Syndicate
Breaking Syndicate news story on Pulmatrix »

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