Archive for May, 2010
Citigroup, Inc (NYSE: C) Analysts Have Confidence in Long Term Growth of HP (NYSE: HPQ)
Posted by: | CommentsCitigroup, Inc (NYSE: C) analysts said that they are confident in both near-term and long-term growth for shares of Hewlett-Packard Co (NYSE: HPQ). The analysts reiterated a “buy” rating and set a price target of $65.
The analysts wrote, “We reiterate a Buy on HP’s shares following a day of meetings with the co’s Imaging and Printing (IPG) management in San Diego. During the meeting, IPG management outlined its strategy for sustained IPG growth beyond the current recovery, with core distributed inkjet and laser printer growth (80-85% of IPG revenue) driven by emerging markets and share gains and non-core growth driven by Managed Print Services (MPS), Commercial/Graphic Arts, retail kiosks and minilabs (2,400 storefronts currently going to ~7000 by year-end) and workflow solutions.”
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Citigroup, Inc (NYSE: C) analysts commented about how several companies will be effected by the recent oil spill in the Gulf of Mexico.
The analysts wrote, “Stay Tuned for the Start of Lawsuits and Lobbying — In the Independent Oil & Gas industry, Anadarko (NYSE: APC, Apache (NYSE: APA), Newfield (NYSE: NFX), Nexen (NYSE: NXY) and Noble Energy (NYSE: NBL) have offshore Gulf of Mexico exposure. Of the US integrated oil industry, Chevron (NYSE: CVX) and Marathon (NYSE: MRO) have the highest level of activity taking place in the deep waters of the GOM. ExxonMobil (NYSE: XOM) and Hess (NYSE: HES)have limited exposure. Occidental Petroleum (NYSE: OXY) has zero exposure and is likely to benefit from the current environment.”
This article (Citigroup, Inc (NYSE: C) Comments on How Companies Will Be Effected by BP Oil Spill (APC, APA, NFX, NXY, NBL, CVX, MRO, XOM, HES, OXY)) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.
Canaccord Adams Analysts Lower Price Target on Royal Bank of Canada (NYSE: RY)
Posted by: | CommentsCanaccord Adams analysts reiterated a ‘Buy’ rating on Royal Bank of Canada (NYSE: RY), but lowered their price target to $65 CAN.
Canaccord Adams analysts wrote, “We are lowering our 2010E and 2011E EPS to $4.22 (from $4.74) and $5.00 (from $5.33), respectively. The key changes to our estimates relate to a) much lower trading revenue ($1.0-1.1 billion quarterly, down from $1.2-1.3 billion) and b) lower capital markets related revenue generally. We also lowered our PCLs estimate modestly.”
This article (Canaccord Adams Analysts Lower Price Target on Royal Bank of Canada (NYSE: RY)) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.