Citing the strong balance sheet of Citigroup (NYSE:C), Sterne Agee analyst Todd Hagerman initiated coverage on the giant bank with a "Buy" rating on Friday.
Hagerman said Citigroup "continues to steadily improve its capital flexibility with the steady reduction in non-core assets and re-allocation of capital towards higher return, better growth business"
As for his take on Citigroup and emerging markets, he said the company gets an "outsized contribution from emerging markets and Asia," accounting for close to 60 percent of the company's revenue.
Citigroup was trading at $4.60, up $0.02, or 0.44 percent, as of 12:30 PM EDT. Hagerman has a price target of $6 a share on Citi.
Showing posts with label Analyst Ratings. Show all posts
Showing posts with label Analyst Ratings. Show all posts
Friday, April 8, 2011
Wednesday, March 23, 2011
AMD's (AMD) Llano, Bulldozer Will Ship on Time Says Sterne Agee
AMD's (NYSE:AMD) Llano and Bulldozer chips are expected to ship on time, according to Sterne Agee semiconductor analyst Vijay Rakesh, with the Llano expected to ship in April and Bulldozer should be ready in the third quarter.
Rumors had been the two chips wouldn't be ready on time and would have a negative impact on the company.
Rakesh said he believes AMD will get a nice boost to its gross profit margin when laptops using Llano are offered in the next quarter in the U.S.
He maintains a "Buy" rating on AMD, which was trading at $8.40, gaining $0.04, or 0.42 percent, as of 12:42 PM EDT.
Rumors had been the two chips wouldn't be ready on time and would have a negative impact on the company.
Rakesh said he believes AMD will get a nice boost to its gross profit margin when laptops using Llano are offered in the next quarter in the U.S.
He maintains a "Buy" rating on AMD, which was trading at $8.40, gaining $0.04, or 0.42 percent, as of 12:42 PM EDT.
Thursday, November 18, 2010
FedEx (NYSE:FDX) EPS Estimates Raised by UBS (NYSE:UBS)
Analyst Coverage
After a second look at FedEx (NYSE:FDX), UBS (NYSE:UBS) said it appears the company will reach its targeted 10 percent EBIT margin goal faster than expected, resulting in UBS raising their earnings per share on the company.
UBS said, "We recently spent three days hosting FedEx IR with investors in Australia, and while disclosures were consistent with FedEx’s recent investor day, conviction levels around the degree of operating leverage still in the model and speed at which FedEx may reach its 10% EBIT margin goal were impressive. After subsequently reevaluating our own forecasts we’re taking our EPS estimates above consensus...Raising estimates above consensus: F2012 $6.50 vs. $6.25 Street."
FedEx closed yesterday at $85.63, dropping $0.24, or 0.28 percent. UBS has a price target on them of $111, increasing it from $105.
After a second look at FedEx (NYSE:FDX), UBS (NYSE:UBS) said it appears the company will reach its targeted 10 percent EBIT margin goal faster than expected, resulting in UBS raising their earnings per share on the company.
UBS said, "We recently spent three days hosting FedEx IR with investors in Australia, and while disclosures were consistent with FedEx’s recent investor day, conviction levels around the degree of operating leverage still in the model and speed at which FedEx may reach its 10% EBIT margin goal were impressive. After subsequently reevaluating our own forecasts we’re taking our EPS estimates above consensus...Raising estimates above consensus: F2012 $6.50 vs. $6.25 Street."
FedEx closed yesterday at $85.63, dropping $0.24, or 0.28 percent. UBS has a price target on them of $111, increasing it from $105.
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