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The Latest Breaking News from Citi

Several Analyst Firms Cut Rockwell Automation Price Target After Q1 Results

Analysts lowered the price target for Rockwell Automation (NYSE:ROK) after the Q1 results. JPMorgan analyst Stephen Tusa lowered the price target to $220 from $225 and kept an Underweight rating. Tusa sees an "expensive stock getting too much credit for its realistic growth potential." He expects consensus estimate cuts and a deceleration in Rockwell's growth…

Benzinga

Analysts Cut Western Digital Price Target Post Q2 Results

Analysts lowered their price targets on Western Digital Corp (NASDAQ:WDC) following Q2 FY22 results. Deutsche Bank analyst Sidney Ho lowered the price target to $70 from $81 (40% upside) and kept a Buy. The company's guidance was once again below Street estimates, but it remains positioned for a second-half recovery. The analyst believes the stock's…

Benzinga

Citi Turns Bearish On This Grocery Giant - Read Why

Citi analyst Paul Lejuez downgraded Kroger Co (NYSE:KR) to Sell from Neutral with a price target of $42, down from $47, implying a 4% downside. The company has been viewed as a defensive name within retail, but this does not reflect the risks Kroger faces in 2022 and beyond, Paul Lejuez said. The risks include…

Benzinga

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Citigroup plans £100m revamp of Canary Wharf tower

US investment bank to refurbish 42-storey building in London Docklands over next three years

The Guardian - UK

City comment: The office isn’t dead but it is going green

Let’s settle this once and for all: the office isn’t dead.

Evening Standard

Citi to spend £100 million turning its Canary Wharf HQ green and flexible

The overhaul of the 42-story tower block is one of the biggest refurbishments in Europe and will take until 2025 to complete

Evening Standard

Federal Reserve leaves interest rates on hold, but March rise looks likely – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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Citigroup Exits Mexico: What Investors Need To Know

Earlier this month, Citigroup Inc (NYSE: C) announced it will be exiting its consumer, small business and middle-market banking operations of Citibanamex in Mexico.

Benzinga

Citi Upgrades Arista Networks To Buy; Sees Sharp Upside

Citi analyst Jim Suva upgraded Arista Networks Inc (NYSE: ANET), noting that the recent sell-off has provided a good buying opportunity for investors.

Benzinga

Is Micron a Buy as it Nears $100?

One of the world's largest semiconductor manufacturers, Micron Technology (MU), has gained significant investor attention after beating consensus estimates in its last reported quarter. In addition, the company has raised its guidance for the coming quarter, citing an easing in the semiconductor chip shortage. So, is it worth betting on…

StockNews.com

Goldman, PwC and KPMG lead City’s return to the office after Plan B scrapped

Inner London businesses are set for “bounce back” Monday next week as thousands of city workers return to the office.

Evening Standard

Goldman, Citi and Others Ask U.K. Workers to Return to Offices

Major companies, like Goldman and Citi, are asking workers to return to their offices after the U.K. government dropped its work-from-home guidance.

The Street

Citi Cuts Microsoft Price Target By 8%

Citi sees Microsoft Corp (NASDAQ: MSFT) likely continuing its strong growth rates generated in the past several quarters.

Benzinga

UK households hit by rising cost of living; Omicron lifts US jobless claims to three-month high – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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The Street

Citi Makes Wolfe List of Yield-Curve Steepening Stocks

Wolfe Research anticipates the yield curve will steepen for weeks and has created a list of stocks that could thrive as a result.

Benzinga

Here's Why Citi Bumped Up Price Target Of This Top Chipmaker By 12%

Citi analyst Christopher Danely raised the firm's price target on Intel Corp (NASDAQ:INTC) to $58 from $52 and reiterated a Neutral rating on the shares. The price target implies an upside of 4.1%. The analyst's channel checks indicate the recent surge in enterprise demand and notebook orders will drive upside to Intel's Q4 and Q1…

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