Citi

Celgene Corporation (NASDAQ: CELG)’s discontinuation of mongerson for Crohn’s disease is decidedly negative. The stock plunged 8.2 percent in premarket trading. But the extent of justified pessimism depends on prior expectations. UBS had long discounted mongerson’s prospects and,...

Natural gas prices slumped to their lowest level in months Thursday, but Citi analyst Edward Morse believes liquid natural gas could be headed higher in the short term. In a new research note, Morse said LNG prices have already begin their seasonal march higher, rising to nearly $9/MMBtu. According...

Analysts at Citi hold a bullish rating on Merck & Co., Inc. (NYSE: MRK). The firm's Andrew Baum upgraded Merck's stock from Neutral to Buy "for the first time," with a price target boosted from $65 to $72. The new bullish stance stems from increased conviction of Merck's...

Shares of Costco Wholesale Corporation (NASDAQ: COST) were trading lower by more than 5 percent on Friday after the company's fiscal fourth-quarter earnings report had many investors concerned with a dip in margins. Here is a roundup of what some of Wall Street's most notable analysts are saying...

Taking a holistic second look at General Motors Company (NYSE: GM), Citigroup said the company could unlock substantially more value, including possibly paving a path toward its prior long-term, high-end upside potential case of $134. As such, Citi has a Buy rating and a 12-month price target of...

Bernstein is bearish on natural gas and analyst Jean Ann Salisbury sees evidence the firm’s bearish thesis has already begun playing out in the market. Bernstein is calling for natural gas prices of $2.50/mmbtu as soon as mid-2018. The Bearish Thesis According to Salisbury, each part of the...

Citi in a note recommended a pair trade in the railroad sector by designating Kansas City Southern (NYSE: KSU) as its top pick, while downgrading Union Pacific Corporation (NYSE: UNP) to Neutral. A pair trade is a trading strategy in which a long position is matched with a short position in a pair...

Shares of Mylan N.V. (NASDAQ: MYL) traded higher by more than 13 percent Wednesday morning after the U.S. Food and Drug Administration granted approval for the company's generic version of Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA)'s Copaxone. Copaxone, a therapy that is intended...

Analysts at Citi Research turned bearish on Liberty Interactive Corp (NASDAQ: QVCA) as there are "too many long-term headwinds" that plague the company's outlook. The firm's Jason Bazinet downgrades Liberty Interactive's stock rating from Buy all the way to Sell with a price target slashed from $27...

Gold prices have crept higher in recent weeks as investors grow concerned about elevated geopolitical tensions. However, according to Citi analyst Alexander Hacking, gold investors should keep expectations in check. In a new note Monday, Hacking reiterated his cautious long-term outlook for gold...

Automatic Data Processing (NASDAQ: ADP) is a wildcard for investors after activist hedge fund manager Bill Ackman made the company his latest target. Ackman’s Pershing Square Capital took an 8-percent ownership stake in ADP, and Ackman immediately nominated three directors to join the company...

Snap Inc (NYSE: SNAP) shared plummeted 11 percent Friday to new all-time lows following a disappointing Q2 earnings report. A number of Wall Street analysts weighed in on Snap on Friday. Here’s a rundown of what they had to say. Voices From The Street UBS analyst Eric Sheridan said another...

Neither Snap Inc (NYSE: SNAP) nor Twitter Inc (NYSE: TWTR) are first-round drafts for Citi Research analyst Mark May, but if forced to pick one, he’d take Snap. Some might question the preference considering Twitter’s outperformance, but May is decisive, justifying his position by less...

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) shares dropped 3 percent on Tuesday after the company’s second-quarter earnings report disappointed the market. A number of Wall Street analysts weighed in on Google following the report. Here’s a rundown of what they had to say. Voices From...

While Blue Apron Holdings Inc (NYSE: APRN) is trading beneath its IPO pricing of $10, it’s the market leader in the $2.5 billion meal kit sector, Citi analyst Mark May said Tuesday. Citi initiated Blue Apron with a Buy and high-risk rating, as well as a $10 price target. Blue Apron’s...