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The Latest Breaking News from Citi

Citi upbeat on cyclical industries amid GDP dip

Citibank forecasts global GDP growth to decelerate to 3.8% this year as the world economy enters a slowdown amid growing inflation and imminent interest rate hikes, though it remains optimistic about the growth of cyclical industries with long-term growth.

Bangkok Post

Here's Why Citi Is Still Bullish On Nvidia Despite Arm Deal Fall Out

Citi analyst Atif Malik reiterated a Buy rating on Nvidia Corp (NASDAQ:NVDA) with a $350 price target. The price target implies an upside of 41.5%. The re-rating follows Nvidia's termination of the planned acquisition of SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) ARM Ltd due to significant regulatory challenges to closing the deal. The Street largely expected that the…

Benzinga

Here's What Citi Thinks Of Alibaba's ADS Issuance

On February 4, Alibaba Group Holding Ltd (NYSE: BABA) filed a Form F-6 to register 1B American depository shares to accommodate the issuance of additional ADS upon the deposit of ordinary shares by current holders who have indicated to the company.

Benzinga

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Citi to add another 300 jobs to Belfast base

Roles span legal, HR, compliance, audit, markets and tech

Birmingham Post

Read How Analysts Reacted To CH Robinson Worldwide's Q4 Results

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…

Benzinga

Why Are DXC Tech Shares Surging Today?

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…

Benzinga

Education For Employment (EFE), Citi Foundation Link Saudi Youth to Jobs

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.

Asharq Al-Awsat

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Citi, Morgan Stanley Bump Up Dover Price Target After Q4 Results

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.…

Benzinga

Several Analyst Firms Cut Rockwell Automation Price Target After Q1 Results

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…

Benzinga

Analysts Cut Western Digital Price Target Post Q2 Results

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…

Benzinga

Citi Turns Bearish On This Grocery Giant - Read Why

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…

Benzinga

Citigroup plans £100m revamp of Canary Wharf tower

US investment bank to refurbish 42-storey building in London Docklands over next three years

The Guardian - UK

City comment: The office isn’t dead but it is going green

Let’s settle this once and for all: the office isn’t dead.

Evening Standard

Citi to spend £100 million turning its Canary Wharf HQ green and flexible

The overhaul of the 42-story tower block is one of the biggest refurbishments in Europe and will take until 2025 to complete

Evening Standard

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The Guardian - UK

Federal Reserve leaves interest rates on hold, but March rise looks likely – as it happened

Rolling coverage of the latest economic and financial news

Benzinga

Citigroup Exits Mexico: What Investors Need To Know

Earlier this month, Citigroup Inc (NYSE: C) announced it will be exiting its consumer, small business and middle-market banking operations of Citibanamex in Mexico.

Benzinga

Citi Upgrades Arista Networks To Buy; Sees Sharp Upside

Citi analyst Jim Suva upgraded Arista Networks Inc (NYSE: ANET), noting that the recent sell-off has provided a good buying opportunity for investors.

StockNews.com

Is Micron a Buy as it Nears $100?

One of the world's largest semiconductor manufacturers, Micron Technology (MU), has gained significant investor attention after beating consensus estimates in its last reported quarter. In addition, the company has raised its guidance for the coming quarter, citing an easing in the semiconductor chip shortage. So, is it worth betting on…

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Evening Standard

Goldman, PwC and KPMG lead City’s return to the office after Plan B scrapped

Inner London businesses are set for “bounce back” Monday next week as thousands of city workers return to the office.

Benzinga

Citi Cuts Microsoft Price Target By 8%

Citi sees Microsoft Corp (NASDAQ: MSFT) likely continuing its strong growth rates generated in the past several quarters.

The Guardian - UK

UK households hit by rising cost of living; Omicron lifts US jobless claims to three-month high – as it happened

Rolling coverage of the latest economic and financial news

Benzinga

Here's Why Citi Bumped Up Price Target Of This Top Chipmaker By 12%

Citi analyst Christopher Danely raised the firm's price target on Intel Corp (NASDAQ:INTC) to $58 from $52 and reiterated a Neutral rating on the shares. The price target implies an upside of 4.1%. The analyst's channel checks indicate the recent surge in enterprise demand and notebook orders will drive upside to Intel's Q4 and Q1…

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