Citi

Citi in a note released on Thursday downgraded the U.S. steel sector to Neutral from Bullish, as it believes the 68 percent rally in the sector since mid-October captures the majority of the cyclical upside. The firm downgraded steel stocks AK Steel Holding Corporation (NYSE: AKS) and United...

NVIDIA Corporation (NASDAQ: NVDA) was one of 2016's hottest stocks, but after hitting an all-time high of $119.93 in late 2016, the stock briefly dipped below the $100 per share mark on Tuesday. According to Citi's Atif Malik, the approximate $20 per share decline in Nvidia's stock is actually "...

Shares of Nike Inc (NYSE: NKE) gained nearly 1 percent on Wednesday following its much anticipated second-quarter earnings results, which included top- and bottom-line beats. Here is a summary of how Wall Street analysts reacted to the print. Morgan Stanley Morgan Stanley's Jay Sole maintains an...

Nike Inc (NYSE: NKE) reported its Q2 EPS ahead of expectation and maintained its FY 2017 guidance. “We feel better about the story today than we did yesterday,” Citi’s Kate McShane said in a report. She maintains a Buy rating on the company, with a price target of $60. Nike posted...

Citi analysts have initiated coverage of QUALCOMM, Inc. (NASDAQ: QCOM) with a Neutral rating and $70 price target, saying the business faces secular headwinds and integration issues from the NXP Semiconductors NV (NASDAQ: NXPI) acquisition. Qalcomm At Neutral, $70 PT The analysts noted that...

Donald Trump’s victory in the U.S. presidential election has shifted the probability of Kraft Heinz Co (NASDAQ: KHC) entering an acquisition deal in favor of General Mills, Inc. (NYSE: GIS) or Kellogg Company (NYSE: K) and away from Mondelez International Inc (NASDAQ: MDLZ), Citi analysts...

The next Consumer Electronics Show, where companies unveil the latest technology they have to offer the world, is scheduled to be held in January in Las Vegas. Citi analysts recommended buying shares of Mobileye NV (NYSE: MBLY) and Delphi Automotive PLC (NYSE: DLPH) ahead of the event. The...

Citi’s Robyn Karnauskas said the positive early stage cancer study results from bluebird bio Inc (NASDAQ: BLUE) is positive for CAR-T space and B-cell maturation antigen (BMCA) drugs of Juno Therapeutics Inc (NASDAQ: JUNO) and Kite Pharma Inc (NASDAQ: KITE). Chimeric antigen receptors (CARs)...

The stock market has been on quite a run since Election Day, with the SPDR S&P 500 ETF Trust (NYSE: SPY) up 2.8 percent. Unfortunately for Facebook Inc (NASDAQ: FB) shareholders, the social media giant hasn’t been in on the fun. Facebook stock is down 7.5 percent since November 8, and...

With November Macau gaming revenue numbers due out Thursday, Citi has upped its price targets for Macau casino stocks and believes the world’s largest gaming destination will return to positive revenue growth in 2017. Things Looking Brighter For Macau In a new report, Citi analyst Anil...

Citi’s Mark Kelley believes the 16 percent decline in Etsy Inc (NASDAQ: ETSY) shares, following Q3 2016 results, was driven by the announcement of the departure of CFO Kristina Salen in March 2017 and comments regarding a deceleration in Seller Services. Kelley reiterated a Buy rating on...

Egalet Corp (NASDAQ: EGLT) and Ophthotech Corp (NASDAQ: OPHT) have catalysts coming up before the end of the year that can bring glory or spell doom for these companies. Upcoming Catalysts The former is awaiting FDA decision on ARYMO ER, its lead drug candidate, which is an abuse-deterrent...

Citi has resumed coverage of Horizon Pharma PLC (NASDAQ: HZNP) with a Buy rating on favorable risk-reward profile and valuation support from orphan franchise. The ratings action comes ahead of pivotal data by Actimmune in Friederich’s Ataxia (FA) in late December. The outcome of this trial is...

Amazon.com, Inc. (NASDAQ: AMZN)'s AWS segment announced a reduction in storage prices for both S3 and Glacier with effect from December 1. This follows the EC2 Compute price cut announced on November 14. “Importantly, we do not view these moves as an indication of competitive pressures or a...

Hewlett Packard Enterprise Co (NYSE: HPE) reported mixed results for its fourth quarter, and its first quarter EPS forecast missed consensus at the mid-point. Hewlett Packard Enterprises reported fourth-quarter revenue at $12.48 billion, below the consensus forecast of $12.82 billion, due to weak...