Citibank (NYSE: C) said that investors should increase their holdings in the British pound, predicting a rally to an exchange rate of $1.57 after it closed yesterday at $1.52, citing technical indicators.
The Pound strengthened 1.2% to $1.5243 in New York on Wednesday, the largest one-day gain for the pound in five months. On March 1st, [...]
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Citibank (NYSE: C) Bullish on British Currency
Citibank Maintains Sell Rating on Athena Health (NADASQ: ATHN),
Citibank (NYSE: C) maintained its “sell” rating on Athena Health (NASDASQ: ATHN) and reiterated its $35.00 price target, despite lowering the company’s estimated earnings per share and lower implementation revenue.
Analyst Charles Boorady said, “On the earnings call, management reiterated 30+% revenue growth target each year, but also stated greater investment in selling and marketing in [...]
Citibank (NYSE: C) Raises Price Target on Emdeon (NYSE: EM), Maintains Hold Rating
Citibank (NYS:E C) analysts maintained its hold rating on Emdeon (NYSE: C) and raised their price target on the company to $20.00, up from $19.00 after the company announced their fourth quarter earnings per share and offered a positive outlook for 2010.
Analyst Charles Boorady said, “EM released 4Q09 earnings am on Tuesday, reporting 4Q09 Cash [...]
Citigroup (NYSE: C) Reiterates Buy Rating on American Express (NYSE: AXP)
Citigroup (NYSE: C) reiterated its buy rating on American Express (NYSE: AXP) and maintained their $48.00 price target following a meeting that American Express executives had with investors.
Citi analyst Donald Fandetti commented, “Internally, AXP is keenly focused on growth initiatives. Mgt believes they are well positioned to fend off competitors that are now targeting the [...]
U.S. Government May Sell Citigroup Shares after April 19th (NYSE: C)
The U.S. government may begin winding down its ownership in Citigroup (NYSE: C) after the company releases its first quarter earnings numbers on April 19th, according to a new report from the WSJ.
The U.S. government’s lock-up period ended on Tuesday, allowing the 27% stake that the Treasury Department owns in Citigroup to be sold. The [...]
Citibank (NYSE: C) Maintains Buy Rating on Microsoft (NASDAQ: MSFT), Raises Price Target
Citibank (NYSE: C) maintained its “Buy” rating on Microsoft Corp. (NASDSAQ: MSFT) and raised the company’s price target to $32.00, up from $31.00 after visiting Microsoft’s Redmond campus.
Analyst Walter H. Pritchard said, “We still believe there is upside to numbers, and we are raising our FY11 EPS based on recent OpEx guidance. Our price target [...]
Citibank (NYSE: C) Cuts Outlook on Worldwide Financials Sector to Neutral
Citibank’s (NYSE: C) team of equity strategists have cut their stance on the worldwide financial sector to “neutral”, down from “overweight” on Thursday, citing the sector’s ultra-high beta equity trade in recent years.
Citi noted that global equities are up more than 63% from their March 2009 lows and that the magnitude of the rebound has [...]
Citibank to Introduce More Debt and Equity Products in Bangladesh (NYSE: C)
Citibank (NYSE: C) will soon be introducing additional debt and equity products in Bangladesh, India according to a report from AHN Media on Tuesday.
The disclosure from Citibank came after the New York-based banking giant raised $102 million by amortizing secured local currency bonds for Orascom Telecom Bangladesh Limited (OTBL) on a private placement basis, marking [...]
Citibank (NYSE: C) Initiates Coverage of Pharmasset (NASDSAQ: VRUS) with “Buy” Rating
Citibank (NSE: C) has initiated coverage of pharmaceutical maker Pharmasset (NASDAQ:VRUS) with a “Buy” rating and a $34.00 price target citing a drug being developed for the hepatitis C market which Citibank believes will be profitable for the company.
Analyst Yaron Werber, MD commented, “We believe that RG7128 (currently in ph 2b) will become a backbone [...]
Mexico Hires Bank of America, Citibank and Others to manage Sale of Peso Bonds (BAC, C)
Mexico has hired Bank of America Corp (NYSE: BAC), HSBC Holdings (NYSE: HBC), ING Groep NV (NYSE: ING) and Citibank’s (NYSE: C) Banamex unit to manage the sale of new 30-year inflation-linked peso bonds in its local market.
The Mexican government will sell the new bonds at 4% above the current rate of inflation, according to [...]
Citigroup and Goldman Sachs Hired by GMAC to Explore TARP Repayment Options (C, GS)
Citigroup (NYSE: C) and Goldman Sachs (NYSE: GS) have been hired by GMAC Inc to explore options for repaying its bailout funds related to the Troubled Asset Relief Program, according to several sources.
GMAC head Michael Carpenter was tasked with returning the lender to profitability and getting the company’s bailout funds repaid when he became CEO [...]
Just use a little psychology and you can interpret this any way you want depending on your disposition. I would ...
Yeah he can really say that if the government is waiting for the release of the positive result which will ...
I've only seen blog mentality reporting from this site, and don't take much merit in anything it says.