February 18, 2014 10:21 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Tuesday, Citigroup analyst Alvin C. Concepcion reiterated a Buy rating on
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NYSE: BKW), and raised the price target from $25.00 to $30.00.In the report, Citigroup noted, “BKW reported 4Q EPS of 24c (19c GAAP) vs. FC of 22c on sales of $265.2mm vs. FC of $268.2mm. Global SSS were +1.7% vs. +0.9% in 3Q. CRM was up 760bps at 19.2% vs. up 360bps YoY in 3Q. BKW US/Canada posted SSS of +0.2% vs. positive in Oct, and 3Q SSS of -0.3%. The co mentioned YTD '14 SSS were negative, primarily due to weather and a competitive environment that remains intense (though not incrementally different YOY). In regards to weather, we sense that unimpacted markets significantly outperformed impacted markets. CRM were up 1240bps to 20.7% vs. up 520bps YoY in 3Q. We sense franchisee profitability was relatively flat given flattish sales resulting in less sales leverage, offset by food inflation which was slightly down in the Q.”Burger King Worldwide closed on Friday at $25.72.
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