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C

Citi

$62.48

0.34 (0.55%)

11:42
06/03/19
06/03
11:42
06/03/19
11:42

Citi links in insider dealing case being examined by FCA, FT reports

The U.K.'s Financial Conduct Authority is examining alleged links between a Citigroup employee with access to "price-sensitive information" and a multimillionaire trader who has been named in connection with an insider dealing trial, The Financial Times' Barney Thompson reports. Reference Link

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C Citi
$62.48

0.34 (0.55%)

04/25/19
WELS
04/25/19
NO CHANGE
Target $90
WELS
Outperform
Citi price target raised to $90 from $82 at Wells Fargo
Wells Fargo analyst Mike Mayo raised his price target for Citi to $90 from $82 given more confidence that ROTCE will improve from 11% to 13% in 2021. The analyst reiterates an Outperform rating on the shares.
05/03/19
WELS
05/03/19
NO CHANGE
Target $90
WELS
Outperform
Wells Fargo says consensus EPS forecasts for Citi too low
After meeting with the CEO and CFO of Citi, Wells Fargo analyst Mike Mayo noted that both executives repeated expectations that Citi should achieve its ROTCE targets. Those targets imply that 2020 consensus EPS is too low by about 15%, contends Mayo, who added that the executives also pointed to a turn in Asia, from which the bank stands to benefit. Mayo maintains an Outperform rating on Citi with a $90 price target.
05/30/19
GSCO
05/30/19
UPGRADE
Target $77
GSCO
Buy
Citi upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Richard Ramsden upgraded Citi to Buy from Neutral and raised his price target for the shares to $77 from $71. The stock closed yesterday down 9c to $63.71. Ramsden sees a "realistic path" to a 13% return on tangible common equity in 2020 for Citi, or 100 basis points ahead of market expectations, which he notes is not contingent on either higher interest rates or strengthening global growth trends. While there is a risk that Citi may back away from its 13.5%-plus ROTCE target, neither consensus expectations for 2020 or the current valuation discount achieving the target, Ramsden tells investors in a research note. The analyst believes the market is "overly pessimistic" on Citi's revenue growth inflection, targeted expense savings, and outlook for credit costs. As a result, he sees 21% upside potential from current share levels.
05/30/19
05/30/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Citi (C) upgraded to Buy from Neutral at Goldman Sachs with analyst Richard Ramsden saying he sees a "realistic path" to a 13% return on tangible common equity in 2020 for Citi, or 100 basis points ahead of market expectations, which he notes is not contingent on either higher interest rates or strengthening global growth trends. 2. Comcast (CMCSA) upgraded to Buy from Neutral at Guggenheim with analyst Mike McCormack saying the company's successful pivot from primarily a video distributor to a connectivity company "has been fairly smooth." 3. Zynga (ZNGA) upgraded to Overweight from Equal Weight at Stephens with analyst Jeff Cohen saying the continued acceleration of recent acquisitions and the fact that Social Casino could be poised for a second half re-acceleration give him additional confidence in Zynga's live service portfolio. 4. Penumbra (PEN) upgraded to Overweight from Neutral at JPMorgan with analyst Robert Marcus saying the Street is overly focused on competitive entrants to the stroke aspiration market. 5. Cypress Semiconductor (CY) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Craig Hettenbach citing press reports indicating that the company is exploring strategic options. 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

XLNX

Xilinx

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3.4 (3.66%)

, INTC

Intel

$52.06

0.95 (1.86%)

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SFTBY

SoftBank

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T

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K

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TTWO

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IGMS

IGM Biosciences

$17.53

-0.125 (-0.71%)

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LMAT

LeMaitre

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-0.03 (-0.10%)

19:37
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WE

We Company

$0.00

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SoftBank

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WE

We Company

$0.00

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  • 06

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KOD

Kodiak Sciences

$18.24

1.34 (7.93%)

18:34
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ADVM

Adverum Biotechnologies

$5.29

0.11 (2.12%)

18:29
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ADVM

Adverum Biotechnologies

$5.29

0.11 (2.12%)

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COP

ConocoPhillips

$56.41

0.55 (0.98%)

18:03
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  • 29

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T

AT&T

$37.58

0.17 (0.45%)

, CMCSA

Comcast

$45.53

1.02 (2.29%)

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On The Fly
Box Office Battle: 'Joker' stays at number 1 with another $55M »

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T

AT&T

$37.58

0.17 (0.45%)

CMCSA

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1.02 (2.29%)

CMCSK

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$0.00

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SNE

Sony

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LGF.A

Lionsgate

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LGF.B

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DIS

Disney

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VIAB

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VIA

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PCG

PG&E

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TTGT

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HPE

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HLF

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FORR

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CSCO

Cisco

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CVLT

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FB

Facebook

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  • 27

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KBH

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BX

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  • 23

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GOOG

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$1,213.86

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, GOOGL

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GOOG

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GOOGL

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$1,214.62

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  • 27

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SPX

S&P 500

$0.00

(0.00%)

, SPY

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$296.34

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SPX

S&P 500

$0.00

(0.00%)

SPY

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AGN

Allergan

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1.255 (0.75%)

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LYFT

Lyft

$39.49

1.8 (4.78%)

, UBER

Uber

$30.09

1.19 (4.12%)

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LYFT

Lyft

$39.49

1.8 (4.78%)

UBER

Uber

$30.09

1.19 (4.12%)

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GM

General Motors

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0.9 (2.60%)

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  • 29

    Oct

MRK

Merck

$84.31

0.6 (0.72%)

, JNJ

Johnson & Johnson

$131.35

2.32 (1.80%)

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15:49
Periodicals
Congo to start using Johnson & Johnson Ebola vaccine next month, Reuters says »

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MRK

Merck

$84.31

0.6 (0.72%)

JNJ

Johnson & Johnson

$131.35

2.32 (1.80%)

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HMTV

Hemisphere Media

$11.70

0.05 (0.43%)

15:48
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PFE

Pfizer

$36.11

0.31 (0.87%)

15:37
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CNCE

Concert Pharmaceuticals

$5.85

(0.00%)

15:29
10/13/19
10/13
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Hot Stocks
Concert Pharmaceuticals presents Phase 2 data in Alopecia Areata »

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INCY

Incyte

$76.14

0.38 (0.50%)

15:23
10/13/19
10/13
15:23
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15:23
Hot Stocks
Incyte announces 52-week results from Phase 2 study of Ruxolitinib cream »

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