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The Sell-Side Responds To Netflix's Q1 Earnings
Tuesday, April 18, 2017 - 2:11pm | 754Read More...Shares of Netflix, Inc. (NASDAQ: NFLX) were trading lower by around 1 percent Tuesday morning after the company reported its first-quarter results. Here is a summary of what some of Wall Street's most notable analysts were saying after the print. Deutsche Bank: Maintain At Hold Bryan Kraft of...
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Citi Says Concerns Related To NVIDIA And Gaming Market Are 'Misleading'
Wednesday, April 5, 2017 - 11:44am | 296Read More...One of the hottest stocks in the market in the past two years, NVIDIA Corporation (NASDAQ: NVDA), has started off April on shaky ground, dropping more than 7 percent so far this month. Earlier this week, Pacific Crest analyst Michael McConnel downgraded NVIDIA to Underweight, citing “signs of...
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High Ambitions And Free Promotions: The Slow Growth Of WWE Network
Friday, March 31, 2017 - 10:33am | 500Read More...World Wrestling Entertainment, Inc. (NYSE: WWE) is holding its biggest event of the year Sunday: WrestleMania 33. WWE management is reportedly hoping that this year’s event and the company’s monthlong free promotions will push WWE Network subscriptions above 2 million for WrestleMania....
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TrueCar Makes A U-Turn, Citi Initiates With A Buy On Turnaround Story
Monday, March 27, 2017 - 4:20pm | 352Read More...TrueCar Inc's (NASDAQ: TRUE) turnaround story is already underway, according to Citi analysts. The firm initiated coverage on the online car-buying platform with a Buy rating and a $18 price target. “We believe the turnaround that management has conducted over the last year is impressive...
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Match Group's Tinder Well Positioned In The Online Dating Market; Citi Initiates At Buy
Monday, March 27, 2017 - 2:05pm | 324Read More...Mark Kelley of Citi initiated coverage of Match Group Inc (NASDAQ: MTCH) with a Buy rating and $22 price target as the company given the success of the Tinder platform and new product launches. Online Dating Category Kelley believes Match Group is positioned to take advantage of the rapidly growing...
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Stifel Initiates Snap Inc At Hold
Monday, March 27, 2017 - 1:30pm | 646Read More...Despite the recent uptick in sentiment toward Snap Inc (NYSE: SNAP), sell-side hasn't been completely sold on the company. Monday, Stifel initiated the ephemeral photo and video sharing company at a Hold. The firm has a $24 price target for the shares, suggesting roughly 5.5 percent upside from...
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Citi Recommends WWE's Stock On Network Subscriber Projections
Monday, March 27, 2017 - 12:48pm | 368Read More...It’s never an easy decision for a successful company’s management to commit to a change in strategy to keep pace with the times. However, World Wrestling Entertainment, Inc. (NYSE: WWE)’s pivot from a pay-per-view (PPV) model to a subscription-based model has been a huge success,...
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Groupon Is A Turnaround Story Worth Watching
Monday, March 27, 2017 - 10:56am | 340Read More...Although there is “some risk” to estimates for first quarter and second quarter of 2017, Groupon Inc (NASDAQ: GRPN) is “a turnaround story that is worth paying attention to,” given that its operations and country footprint are “getting closer to the go-forward strategy...
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Snap 'Ain't Your Parents' Camera Company,' Citi Sees Revenue Of $13 Billion
Monday, March 27, 2017 - 7:51am | 381Read More..."While user growth and audience scale may remain modest compared with Facebook Inc (NASDAQ: FB), the low rate of monetization currently and the high rate of engagement and penetration of Snapchat’s product within its core 13-24 age demo should enable significant revenue growth and margin...
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Citi Lifts Sell Rating Off GoPro
Thursday, March 16, 2017 - 2:20pm | 310Read More...GoPro Inc (NASDAQ: GPRO)'s decision to lower its staff headcount by more than 200 and refocus on its core products and services earned it an upgrade from analysts at Citigroup. Stanley Kovler upgraded shares of GoPro to Neutral/High Risk from Sell/High Risk with a price target raised to $9 from...
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Foundation Building Materials Is A Sector Consolidator With Some Risks
Tuesday, March 7, 2017 - 4:17pm | 381Read More...Sell-side analysts have started coverage Foundation Building Materials Inc (NYSE: FBM), which made its trading debut last month. Foundation Building Materials, which was founded in 2011, has grown primarily via acquisition and is the second largest national player in both gypsum specialty and...
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Citi Says Remain Cautious On Signet Jewelers Heading Into Earnings
Tuesday, March 7, 2017 - 10:38am | 337Read More...Various retailers have indicated weak mall traffic trends in February. These trends are likely to have hurt Signet Jewelers Ltd. (NYSE: SIG) “more than most” and the company may announce its F17 guidance significantly short of Street expectations, Citi’s Paul Lejuez said in a...
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Apple's Higher Multiple Is Justified, Says Citi
Monday, March 6, 2017 - 10:09am | 285Read More...Shares of Apple Inc. (NASDAQ: AAPL) have gained around 20 percent since the start of 2017 and around 35 percent over the past year. The company's stock has been boosted by encouraging earnings reports, the support of billionaire investor Warren Buffett and Wall Street's incremental support of the...
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Citi Weighs In On The 'Turmoil At Teva'
Tuesday, February 7, 2017 - 11:17am | 525Read More...Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) announced Monday after the bell that its president and CEO Erez Vigodman will step down, effective immediately. The company also said its chairman since January 2015 Yitzhak Peterburg will assume the role of president and CEO on an interim...
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Western Union Admits Violating Money-Laundering Laws In $586 Million FTC Settlement
Thursday, January 19, 2017 - 2:32pm | 395Read More...The Western Union Company (NYSE: WU) shares halted and subsequently plummeted Thursday upon news of a $586 million settlement with the Department of Justice and Federal Trade Commission. Susquehanna analysts said the settlement had long been expected, and Western Union had accrued more than $15...













