Citigroup has finalized the sale of a 25% stake in Grupo Financiero Banamex and its Russia-based banking unit, part of a broader strategy to focus on core operations. Despite a recent 5.8% drop in shares due to inflation concerns, Citi has reaffirmed its 'Buy' ratings for Carrier Global and adjusted price targets for various companies, including a reduction for Accenture and an increase for Avery Dennison. The firm anticipates strong earnings guidance, signaling resilience amid financial volatility.
“Citi · reaffirmed · Buy rating · on Uber Technologies, Inc. and adjusted the price target to $110 from $120”
“Citigroup Inc. · has volume · 2,633,539 · 2,633,539”
“Citigroup Inc. · has volume · 28,911,167”
“Citi · added an · upside 90-day catalyst watch · on American Airlines Group Inc. (NASDAQ:AAL)”
“Citi · set a price target of · $21 · on American Airlines Group Inc. (NASDAQ:AAL)”
“Citi · says · Rio Tinto Ltd · is still searching for a differentiator in its investment case”
“Citi · argues · Rio's latest results · didn’t meaningfully reset expectations”
“Citi · says · a key sticking point · remains Rio’s position in copper”
“Citi · adds · the miner · is seen as lagging the other diversifieds in its pivot to copper”
“Citi · says · the iron ore cost gap vs BHP · seems to be widening”
“Citi · suggests · closing the gap · could add 8–10% to the share price”
“Citi · adds · potential portfolio moves · are losing their ability to move the needle in the eyes of investors”
