Citi's Top Calls 6/29/10 (AMP, AMD, BRCM)

Citi sees little risk to chip companies' 2Q10 consensus estimates. Analysts said, "While orders may have slowed early in the quarter, lead times are sufficiently long to minimize any 2Q10 impact." According to Citi, these chip company are most likely to beat estimates: Advanced Micro Devices

Broadcom

Infineon Tech

STMicroelectronics

Xilinx

Inline: Altera

Cypress Semiconductor

Integrated Device Technology

Intel

Texas Instruments

At risk: QUALCOMM

Citi's other top call involved raising the rating of Ameriprise Financial

to Buy while maintaining a $50 price target. Citi increased their 2010E-12E EPS to $3.60, $4.65, and $5.45 respectively. Analysts are confident that AMP will successfully integrate its recent acquisition of Columbia Asset Management. Citi analysts said, "Columbia has made AMP’s earnings base increasingly tied to the higher multiple, faster growing Wealth and Asset Management divisions and less so by slower growing and less profitable traditional insurance and annuity products. This transition should support a steadily improving share valuation."