Citi

Ahead of the earnings release, investor sentiments toward Facebook Inc (NASDAQ: FB) remained weakly in line with broader market sentiments. Having been a consistent earnings positive surprise provider, the Street expects the trend to have continued in the September quarter too. However, there are...

Wedbush Securities said unless Skechers USA Inc (NYSE: SKX) shows accelerated revenue growth in the United States, earnings improvement and operating leverage would be tough to achieve. Despite generating sales growth internationally, the brokerage said Skechers top-line expansion in the United...

Will Randow of Citi took a deep dive into the homebuilding sector to explore which companies are best positioned for M&A activity. According to Randow, discussions of homebuilding M&A have become more common, and if a transaction were to occur shortly, itwould likely be a public company...

Ophthotech Corp (NASDAQ: OPHT) has declined 45 percent over the past month, driven by investor concerns regarding the company’s upcoming Phase 3 data. Citi’s Yigal Nochomovitz maintained a Buy rating on the company, with a price target of $92. The Real Story Nochomovitz believes...

Citi cut its EPS estimates on Ally Financial Inc (NYSE: ALLY) as heightened net charge-offs (NCOs), provision pressure and increasing costs offset improving NIM, strong deposit growth and higher retail auto loan yields in the third quarter. The brokerage cut the estimate to $2.18 from $2.26 to...

Hershey Co’s (NYSE: HSY) shares are likely to rebound in 2017 due to an imminent announcement of a cost savings program and the rekindling of top-line growth, “on the back of significant, impactful innovation,” Citi’s David Driscoll said in a report. He upgraded the...

Citi’s Alicia Yap believes Alibaba Group Holding Ltd (NYSE: BABA) will deliver marginally below consensus revenue when it reports Q2:17 results on November 2. Yap maintains a Buy rating on the company, while raising the price target from $112 to $113. Q2 Expectations The analyst expects...

The turnaround story for Sprint Corp (NYSE: S) is moving in the right direction, but analysts at Citi would like to see some faster improvements. Citi is hoping for a pivot toward more marketing and network investments in order to meet that end-goal. "The pace and magnitude of improvement with...

Terming the potential moderation in margin expansion as a near-term headwind for Amazon.com, Inc. (NASDAQ: AMZN), Citi said this is unlikely to change its long-term thesis for the company. Margins, Profit Drive Stock's Recent Outperformance Analyst Mark May sees the significant outperformance of...

Although Apple Inc.'s (NASDAQ: AAPL) shares slipped 2 percent after hours, which followed a 21 percent price gain in the previous three months, versus a 1 percent decline in the S&P 500 during the same period. Near-term demand for iPhones exceeds supply, while Applewood is in its early...

Citi has reinstated coverage on Bats Global Markets Inc (BATS: BATS) with a Neutral rating ahead of the company’s third-quarter results on November 3 and following its deal to be acquired by CBOE Holdings, Inc (NASDAQ: CBOE) for about $3.2 billion. “While we see the company well...

Citi’s Robyn Karnauskas expressed concern regarding the lack of potential catalysts for Calithera Biosciences Inc (NASDAQ: CALA) in the near term. Furthermore, the cash burn expected over the next 12–18 months is likewise cause for uncertainty. Karnauskas initiated coverage of the...

In a note released on Monday, Credit Suisse highlighted the three stages that would help Nutanix Inc (NASDAQ: NTNX) achieve its three-pronged vision. The firm noted that the company's vision is to make IT infrastructure invisible so that IT resources may be dedicated to business outcome and...

Shares of Superior Energy Services, Inc. (NYSE: SPN) tanked more than 8 percent on Tuesday following the lower-than-expected third-quarter results.   Citi Research downgraded the stock from Buy to Neutral and reduced the target price from $22 to $19. The analyst's changes were due to...