The Latest Breaking News from Citi

Citi analyst Jason Bazinet lowered the firm's price target on The Walt Disney Co (NYSE:DIS) to $200 from $210 and reiterated a Buy rating on the shares. The price target implies an upside of 30%. Related Content: Here's Why Barron's Is Bullish On Disney Post Q1 The company posted strong fiscal Q1 results driven by better than expected…

Analysts had mixed views on Intel Corp (NASDAQ:INTC) after yesterday's reports about Intel nearing a deal to acquire Tower Semiconductor Ltd (NASDAQ:TSEM) for $6 billion.  Northland analyst Gus Richard said such a deal would "make a lot of sense" and be a good one for Intel shareholders based on his estimate that it would cost $13…

KeyBanc analyst Todd Fowler lowered CH Robinson Worldwide Inc's (NASDAQ:CHRW) price target to $125 (an upside of 38%) from $135 and maintained an Overweight rating on the shares. While gross profit margins lagged his expectations, the analyst continues to anticipate margin improvement throughout 2022 as contract rates reset. Fowler is "encouraged" by net operating margin…

Analysts remained optimistic on DXC Technology Co (NYSE:DXC) post Q3 earnings. The Q3 revenue of $4.09 billion, down 4.6% year-on-year, missed the consensus of $4.1 billion. Adjusted EPS of $0.92 beat the consensus of $0.91. Citi analyst Ashwin Shirvaikar calls DXC Technology a top value idea in IT services and keeps a Buy rating…

In continued support to Saudi Vision 2030’s mission of empowering youth with opportunities, the Citi Foundation and Education For Employment (EFE) in Saudi Arabia partnered together for the third year to continue the momentum in creating economic opportunities for unemployed Saudi youth in 2021.

Citi analyst Andrew Kaplowitz raised Dover Corp's (NYSE:DOV) price target to $221 from $218 and maintained a Buy rating on the shares. The analyst noted the strong topline performance and continued strength in bookings highlight a "still robust demand environment that should bolster confidence" in the company's 7% - 9% organic growth outlook for 2022.…

Analysts lowered the price target for Rockwell Automation (NYSE:ROK) after the Q1 results. JPMorgan analyst Stephen Tusa lowered the price target to $220 from $225 and kept an Underweight rating.  Tusa sees an "expensive stock getting too much credit for its realistic growth potential."  He expects consensus estimate cuts and a deceleration in Rockwell's growth…

Analysts lowered their price targets on Western Digital Corp (NASDAQ:WDC) following Q2 FY22 results. Deutsche Bank analyst Sidney Ho lowered the price target to $70 from $81 (40% upside) and kept a Buy. The company's guidance was once again below Street estimates, but it remains positioned for a second-half recovery.  The analyst believes the stock's…

Citi analyst Paul Lejuez downgraded Kroger Co (NYSE:KR) to Sell from Neutral with a price target of $42, down from $47, implying a 4% downside. The company has been viewed as a defensive name within retail, but this does not reflect the risks Kroger faces in 2022 and beyond, Paul Lejuez said. The risks include…