TSC Ratings' Updates: Citigroup

Shares are down 63.3% on the year, underperforming the S&P 500. The fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.

Other ratings changes include Stage Stores(SSI Quote) and Novatel Wireless(NVTL Quote), both downgraded from hold to sell.

All ratings changes generated on Nov. 25 are listed below.

Ticker	Company	Current	Change	Previous
AMS	American Shared Hospital Services	SELL	Downgrade	HOLD
BFED	Beacon Federal Bancorp	SELL	Initiated
C	Citigroup	SELL	Downgrade	HOLD
CIX	CompX International	SELL	Downgrade	HOLD
CNS	Cohen & Steers	FROZEN		BUY
CSA	Cogdell Spencer	HOLD	Upgrade	SELL
CVI	CVR Energy	SELL	Initiated
CXG	CNX Gas	HOLD	Upgrade	SELL
DCBF	DCB Financial	SELL	Downgrade	HOLD
FFKT	Farmers Capital Bank	HOLD	Downgrade	BUY
FUQI	Fuqi International	SELL	Initiated
GW	Grey Wolf	HOLD	Downgrade	BUY
HGR	Hanger Orthopedic	BUY	Upgrade	HOLD
HHS	Harte Hanks	FROZEN		HOLD
IDSA	Industrial Services of America	HOLD	Downgrade	BUY
MCBC	Macatawa Bank	SELL	Downgrade	HOLD
NVTL	Novatel Wireless	SELL	Downgrade	HOLD
PPG	PPG Industries	HOLD	Downgrade	BUY
ROFO	Rockford	SELL	Downgrade	HOLD
SFST	Southern First Bankshares	FROZEN		HOLD
SSI	Stage Stores	SELL	Downgrade	HOLD
UDRL	Union Drilling	HOLD	Upgrade	SELL
WFT	Weatherford	SELL	Downgrade	HOLD
XTXI	Crosstex Energy	SELL	Downgrade	HOLD

Each business day, TheStreet.com Ratings updates its ratings on the stocks it covers. The proprietary ratings model projects a stock's total return potential over a 12-month period, including both price appreciation and dividends. Buy, hold or sell ratings designate how the Ratings group expects these stocks to perform against a general benchmark of the equities market and interest rates.

While the ratings model is quantitative, it uses both subjective and objective elements. For instance, subjective elements include expected equities market returns, future interest rates, implied industry outlook and company earnings forecasts. Objective elements include volatility of past operating revenue, financial strength and company cash flows.

However, the rating does not incorporate all of the factors that can alter a stock's performance. For example, it doesn't always factor in recent corporate or industry events that could affect the stock price, nor does it include recent technology developments and competitive dynamics that may affect the company.

For those reasons, we believe a rating alone cannot tell the whole story, and that it should be part of an investor's overall research.