Citi

Facebook Inc (NASDAQ: FB) announced the launch of Workplace, marking its first major foray into the enterprise software market. While saying that estimating the Workplace potential was difficult, it could represent “a several hundred million dollar incremental revenue opportunity,”...

Illumina, Inc. (NASDAQ: ILMN) preannounced Q3 revenues short of estimates, marking the fourth miss in the last six quarters. The company’s Q4 revenue projection also came in short. There is no confidence in Illumina’s near-term performance, and “forecasting capabilities have...

Noble Midstream Partners LP (NYSE: NBLX), which recently went public and is the subsidiary of Noble Energy, Inc. (NYSE: NBL), has become the darling of the analysts' community, with most of them upbeat on the prospects of the company. Since listing at $26.50 on September 15, 2016, a premium to the...

Shares of TESARO Inc (NASDAQ: TSRO) were trading higher by more than 12 percent early Monday morning after the company reported encouraging results from its niraparib Phase 3 NOVA clinical trial results. The trial was designed to assess the progression free survival rate among 553 patients...

Mentioning that Noble Midstream Partners LP (NYSE: NBLX) was almost exclusively dependent on its general partner for oil and gas production, Citi’s Faisel Khan stated that the company would grow its distributions by 20 percent per annum through 2020. Khan initiated coverage of the company...

Citi raised its estimates and price target on Constellation Brands, Inc. (NYSE: STZ) after better-than-expected second-quarter earnings on strong demand for beer and wine/spirits. Constellation Brands reported second-quarter adjusted EPS of $1.77, which beat consensus estimates by 11 cents, driven...

Shares of Etsy Inc (NASDAQ: ETSY) have surged 58 percent since July 1, versus a mere 4 percent gain in the S&P. “[Despite this recent outperformance], we believe there is still room for numbers to improve and, therefore, think the stock continues to work,” Citi’s Mark...

Citi upgraded E I Du Pont De Nemours And Co (NYSE: DD) and Dow Chemical Co (NYSE: DOW) ahead of the merger between the companies. The firm commended the companies as "execution and self-help stories" as they diligently went about their individual cost-cutting programs. Citi upgraded...

Following the recent rally in its share price, National-Oilwell Varco, Inc. (NYSE: NOV) is the third-best performing large cap OFS stock year-to-date. However, Citi’s Scott Gruber expects the share price to fall to $30 before year's end, since expectations are likely to be revised down...

Citi in a research note released Friday assessed Wendys Co (NASDAQ: WEN), McDonald's Corporation (NYSE: MCD) and Restaurant Brands International Inc (NYSE: QSR) Burger King on five counts and announced the winners on these criteria. Burger King wins hands down, with the quick service restaurant...

Citi downgraded Cognizant Technology Solutions Corp (NASDAQ: CTSH) from Buy to a Neutral after the company disclosed an investigation on the possible violation of Foreign Corrupt Practices Act. The firm slashed price target from $68 to $55 on the stock. Analysts Ashwin Shirvaikar and Ryan...

Despite reporting better-than-expected earnings and strong bookings, Citi expects Accenture Plc (NYSE: ACN) shares to be range-bound and maintains its Neutral rating, as it believes the good execution is already priced in to the stock. Accenture finished 2016 with a strong 9 percent growth rate in...