Broker recommendations for Citigroup
The Citigroup, Inc. stock is rated at 1.230769 (on a scale 1-3, where 1 is ‘strong buy‘ and 3 is ‘strong sell‘) from Wednesday 7 October, 2020 by a total of 26 brokers. This means that the consensus of the 26 different brokers is leaning toward to buy/moderate buy.
0 (0%) Underweight
0 (0%) Hold
5 (19.23%) Overweight
2 (7.69%) Buy
Campbell Soup (NYSE:CPB) Earns Neutral Rating from Analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell
Thursday, 22 October 2020, 09:34:48
Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on shares of Campbell Soup (NYSE:CPB) in a research note issued to investors on Monday, Anlyst Ratings reports. The firm issued a neutral rating and a $52.00 price target on the stock. A number of other brokerages also recently commented on CPB. Zacks […]
— Transcript Daily
Citigroup beefs up China expansion with investment bank plan
Thursday, 22 October 2020, 08:20:43
Citigroup Inc. is planning to include an investment banking unit in China to take advantage of an expected steady stream of big stock deals as the nation opens up and liberalizes its financial markets, a person familiar said.
— The Edge Markets
Pricey haircuts messing up inflation outlook
Thursday, 22 October 2020, 06:37:43
By Anirban NagRising costs of services, from hair stylists to security guards, are a new challenge for India’s monetary policy makers, who stand ready to resume interest-rate cuts as soon as the food-price driven spike in inflation wears off.Services inflation surged to 4.8% in September from a year ago, compared with 4.4% in February before the coronavirus outbreak, according to estimates by Citigroup Inc. The pickup reflects cost-push factors associated with the pandemic, such as social distancing and screening of customers, as well as fewer workers in urban centers after migrating back home during the nationwide lockdown.“While the increase is not much, directional movement is rather counter intuitive since services inflation is mostly synchronous to the demand cycle,” Samiran Chakraborty, chief India economist at Citi, wrote in a report last week.That complicates the central bank’s inflation outlook, which forecasts overall consumer-price growth to slow to 5.4% in the three months to December from about 7% last quarter.
— Economic Times India
McAfee’s IPO Raises $740 Million in Return to Public Market
Thursday, 22 October 2020, 02:53:58
(Bloomberg) — McAfee Corp. and its shareholders raised $740 million in an initial public offering priced within a targeted range as the cybersecurity software provider returns to the stock market.The company and some of its investors sold 37 million shares for $20 apiece Wednesday, according to a statement. McAfee had marketed 31 million shares for $19 to $22, while its shareholders offered 6 million shares.McAfee is valued in the IPO at about $8.6 billion based on the outstanding shares listed in its prospectus.The company, based in San Jose, California, was acquired by Intel Corp. in a 2010 deal. In 2016, Intel announced that it had signed an agreement to transfer a 51% stake in McAfee to the investment firm TPG for $1.1 billion. The transaction valued the spun-off company at $4.2 billion, including debt.Current backers listed in McAfee’s prospectus include TPG, Intel, Singapore’s sovereign wealth fund GIC Pte and the private equity firm Thoma Bravo.The offering is being led by Morgan Stanley, Goldman Sachs Group Inc., TPG Capital, Bank of America Corp. and Citigroup Inc.
— Yahoo Finance
The Mosaic (NYSE:MOS) Rating Lowered to Neutral at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell
Wednesday, 21 October 2020, 13:14:41
The Mosaic (NYSE:MOS) was downgraded by equities researchers at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, Briefing.com reports. They currently have a $20.50 price objective on the basic materials company’s stock, down from their prior price […]
— Dakota Financial News
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