Change in Ratings
Citigroup(C Quote) added to Conviction Sell List at Goldman, based on multiple headwinds that include additional write-downs, higher consumer provisions due to credit trends and potential dividend cuts and/or capital raises. Price target cut to $16 from $20.
City National(CYN Quote) upgraded at KBW to outperform as the company's positioning, strong client base, solid market and conservative underwriting position them to outperform their peers. $48 price target.
GM(GM Quote) downgraded at Goldman Sachs to sell from neutral due to potential liquidity concerns. Note that cash flow burn over next two years is likely to force company to seek capital, diluting shareholders. Also note potential for dividend cut. Target lowered to $11 from $18. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,285.97 | 1,091.93 | 2,172.99 | 33.92 |
Oil *
75.40
|
|
DOWN
104.14
|
DOWN
11.32
|
DOWN
16.62
|
DOWN
0.56
|
10 Yr
3.39%
SPDR Gold
110.95
|
|
-1.00%
|
-1.03%
|
-0.76%
|
-1.62%
|
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