Citi

Gridsum Holding Inc – ADR (NASDAQ: GSUM), a sophisticated data analysis software provider, is trading more than 15 percent from the IPO price consistently. The China-based company came out with an IPO of 6.7 million shares at a price of $13.00 a share in September. The stock opened with a gain of...

Citi says Gridsum Holding Inc – ADR (NASDAQ: GSUM) could benefit from its early mover advantage and gain from rapid growth in China’s data analytic and digital intelligence markets. The brokerage has started coverage on Gridsum with a Buy rating and a target price of $21, implying a...

Credit Suisse initiated coverage of AC Immune Ltd (NASDAQ: ACIU) with an Outperform rating and an $18 price target. Alzheimer's Pure Play Analyst Alethia Young noted that the company's lead product crenezumab is in a late-stage trial in partnership with Roche Holding Ltd. (ADR) (OTC: RHHBY)....

Citi has begun coverage of Valvoline Inc (NYSE: VVV) with a Buy rating and target price of $27 citing strong brand recognition, revenue and margin upside from mix shift, international growth opportunities and potential for bolt-on acquisitions. Valvoline, which is 83 percent owned by Ashland Global...

Commenting on International Business Machines Corp. (NYSE: IBM)'s third-quarter results, Citi said the result was a "tale of two cities," with margin declines pitched against ramping up of strategic growth imperatives. Beats, But Quality Not High Analyst Jim Suva noted that IBM reported third-...

Citi sees 17.6 percent potential upside in Trade Desk Inc (NASDAQ: TTD) shares as it started coverage of the stock with a Buy rating and $31 target price, saying that despite recent rally, the company’s conservative outlook would lead to stock price appreciation. Trade Desk offers a self-...

Citi’s James Naklicki believes expectations that the consensus EPS and margin estimates for 2016 for Progressive Corp (NYSE: PGR) were too high, given the new business penalty, had played out. Therefore, Naklicki sees the stock as having been revalued lower. Naklicki upgraded the rating on...

Citi analysts believe technology solutions company MKS Instruments, Inc. (NASDAQ: MKSI)'s recent acquisition of Newport Corp (previously traded (NASDAQ: NEWP)) is underappreciated by the street. According to Citi, "The Newport transaction not only diversifies the revenue base to an even 50/50...

Citi remains Buy-rated on CSX Corporation (NASDAQ: CSX) following the transportation company’s better-than-expected quarterly results, driven by better yields and lower costs. The third-quarter EPS fell 8 percent to $0.48, but $0.03 above Citi estimate. Revenues were down 8 percent, but $55...

Fortinet Inc (NASDAQ: FTNT) preannounced negatively for Q3:16, for the first time since Q1:13. Citi’s Walter H. Pritchard maintains a Neutral rating on the company while lowering the price target from $35 to $31. Negative Preannouncement “Mgmt. attributed weakness to: 1) sales execution...

Illumina, Inc. (NASDAQ: ILMN)'s warning issued Monday after the close created quite a stir in the markets, with traders punishing the stock with a massive selloff. The stock was down over 25 percent to its lowest level in over three months. The news of the potential shortfall in the third-quarter...

Citi has started coverage of Bank of N.T. Butterfield & Son Limited (The) Voting Ordinary Shares (NYSE: NTB) with a Buy rating and has a price target of $32, implying a potential upside of 25 percent. Bullish Justification The brokerage's bullish thesis on the bank is based on its ability to...