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Citi Sees 'Long-Term Declines' in Campbell's Soup (CPB)
Wednesday, September 1, 2010 - 10:34amNoting that analysts "believe condensed soup long-term declines will continue and are concerned with the overall relevance of the soup category to today's U.S. consumers, as total units of soup sold in the category continue to shrink," Citi reiterated its Hold rating on shares of Campbell's Soup (...
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Citi Maintains Buy Rating on Omnicom (OMC)
Friday, August 27, 2010 - 12:15pmCitigroup Global Markets reiterated its Buy rating on Omnicom Group Inc. (NYSE: OMC) this morning. Citi maintains a $44 Price Target on the stock. Concerning next year's outlook, Citi comments that "While macro concerns loom and we expect more tepid measured ad spending growth in 2011, we remain...
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Citi Sees 'Modest Recovery' in Lowe's (LOW)
Friday, August 27, 2010 - 12:06pmExpecting "a modest recovery in earnings," Citigroup Global Markets reiterated its Hold rating on Lowe's Companies (NYSE: LOW) this morning. Citi maintains a $22 Price Target on the stock. Analysts at Citi note that "Our long-term outlook for the home improvement industry is favorable given secular...
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Citi Initiates GSI Commerce at Buy (GSIC)
Friday, August 27, 2010 - 11:41amCitigroup Global Markets initiated coverage of GSI Commerce, Inc. (NASDAQ: GSIC) with a Buy rating this morning. Citi established a $29 Price Target on the stock. Citi "interprets GSIC’s recent underperformance (down 13% YTD & down 18% over the past month) as reflecting near-term investor...
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Citi: Helmerich & Payne is 'Undervalued' (HP)
Friday, August 27, 2010 - 11:23amCitigroup Global Markets reiterated its Buy rating on shares of Helmerich & Payne (NYSE: HP) this morning. Citi maintains a $63 Price Target on the stock. Citi "Note[s] that H&P, despite having stronger earnings through the recent industry downturn and a higher rate of projected earnings...
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Citi Raises Hain Celestial Group Estimates (HAIN)
Thursday, August 26, 2010 - 4:30pmCiti Global Markets raised 2011 and 2012 earnings estimates for The Hain Celestial Group, Inc. (NASDAQ: HAIN) today. The company reported fourth quarter results that beat estimates, and issued better-than-expected 2011 guidance. The Hain Celestial Group reported 4Q10 EPS of $0.26 vs $0.24 consensus...
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Citi Raises Jabil Circuit Target Price (JBL)
Wednesday, June 23, 2010 - 12:33pmCiting increased sales and a positive EPS surprise, Citigroup Capital markets raised its price target for Jabil Circuit (NYSE: JBL) to $22 from $19. Citi also reiterated its Buy rating on the stock. Citi noted "the potential for more margin accretion should demand remain firm, positive cycle timing...
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Citi Reiterates Hold Rating on Costco (COST)
Monday, June 21, 2010 - 9:22amCiting an increasingly competitive environment, Citigroup Global Markets reiterated its Hold rating on Costco Wholesale Corp. (NASDAQ: COST) this morning. Citi is "impressed with the company's improving MFI growth and robust traffic trends as it cycles strong traffic gains from last year." Citi,...
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Citi Cuts T Rowe Price EPS Estimate; Affirms Buy Rating (TROW, C)
Friday, June 18, 2010 - 9:57amCitigroup Global Markets (NYSE: C) cut T Rowe Price Group Inc.'s (NASDAQ: TROW) fiscal 2010 EPS estimate from $2.49 to $2.45. Citigroup also reduced its price target to $57 from $60 to reflect the reduced EPS expectation and a "lower target multiple given recent sector downward revaluation."...
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JBLU Misses 1Q Estimates; Performance To Improve In 2H
Wednesday, April 28, 2010 - 1:38pmAnalysts at Citigroup Global Markets maintain their "buy" rating on JetBlue Airways Corporation (NASDAQ: JBLU). The target price for JLBU is set to $7. JetBlue Airways has reported its 1Q EPS short of the estimates due entirely to a lower-than-anticipated unit revenue performance. JBLU has raised...
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