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INX:C, Sep 21, 03:29 UTC

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Citi: Electrifying Path To Net Zero Carbon, New Report

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Citi today published a report titled ‘Energy Darwinism III – The Electrifying Path to Net Zero Carbon’ outlining how much more carbon we can put up in the atmosphere and understanding where those emissions come from, as a premise to tackling climate change. The scientific community is beyond reasonable doubt that man-made emissions are changing our ecosystem and climate, and unless we change our behaviour, much more severe temperature increases are likely to result and cause more extreme weather conditions and rising sea levels. In this scenario, many of our cities and much of our infrastructure would be inundated raising the spectre of mass human migration and climate refugees. If the scientists are right, we need to start reducing emissions, and we need to start doing so now. “Our Global Integrated Energy and Emissions Framework highlights the key areas by fuel, by activity, and by country we should focus on to make the biggest impact on emissions”, says Jason Channell, Head of Sustainable Finance, CIti Global Insights.

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Citigroup Advises Bearish Bet on Stocks, Funded by Oil Options

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Citigroup Advises Bearish Bet on Stocks, Funded by Oil Options. (Bloomberg) -- Investors should take advantage of the surge in oil prices to finance bearish bets on the U.S. equity market, according to Citigroup Inc. The recent attack on Saudi Arabian crude production sent oil volatility soaring to above-average levels, making it more attractive to sell put options on the commodity -- if you believe prices will continue to rise, said strategists including Jeremy Hale in a note Thursday. The proceeds could then be used to buy protection against a sell-off in stocks, where volatility is below average and downside risks remain, they said.

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  • Financial

Thursday, September 19


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Citigroup Increases Zymeworks (NYSE:ZYME) Price Target to $49.00 – TechNewsObserver

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Zymeworks (NYSE:ZYME) had its price target increased by stock analysts at Citigroup from $22.00 to $49.00 in a research note issued to investors on Tuesday, August 27th, The Fly reports. The company has a quick ratio of 9.07, a current ratio of 9.07 and a debt-to-equity ratio of 0.02. Perceptive Advisors LLC now owns 2,368,890 shares of the company’s stock valued at $52,115,000 after purchasing an additional 1,795,000 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of Zymeworks during the 2nd quarter valued at about $6,675,000.

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  • Health
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Citi Empowers Middle Office Clients with Flexible Investment Data Delivery

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Citi has upgraded its Investment Book of Record (IBOR) data delivery service to support Middle Office clients operating across multiple trading cycles. The so‑called ‘multi-slot’ IBOR solution can be customised to meet the operational needs of individual clients across their front office locations in various regions, particularly informing start-of-day trading positions and cash forecasts globally. The enhanced IBOR solution provides clients with positions, traded and settled cash, transactions, instrument master data, foreign exchange rates and cash forecast data driven by regional valuations for listed and OTC assets. This enhancement coincides with the culmination of multiple years of investment in its middle office platform, a suite of highly automated and integrated capabilities that includes trade processing, asset servicing, OTC valuation and collateral management services, portfolio accounting, and performance and risk reporting.

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Wednesday, September 18


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Manitowoc (NYSE:MTW) Given a $16.00 Price Target at Citigroup – TechNewsObserver

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Finally, Robert W. Baird lowered Manitowoc from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $22.00 to $19.00 in a report on Monday, August 12th. Shares of Manitowoc stock traded down $0.27 during trading on Friday, reaching $13.74. The firm has a market capitalization of $502.64 million, a price-to-earnings ratio of 21.47, a P/E/G ratio of 0.84 and a beta of 2.19. BNP Paribas Arbitrage SA now owns 8,177 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 6,121 shares during the last quarter.

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Tuesday, September 17


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From underpants to oat drink makers, Citigroup courts startups for growth

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(Reuters) - At an event hosted by Citigroup Inc <C.N> this month, its dealmakers sat executives from major consumer-product companies alongside rivals trying to disrupt their businesses. The idea, bankers said, was to hatch partnerships between old companies that are replete with cash and searching for growth, and fledgling companies that are gobbling up market share and need working capital. Such tie-ups help Citigroup bankers improve relationships with large-cap clients while also building connections with privately held companies that may one day go public, said Elinor Hoover, Citigroup’s co-head of consumer investment banking. Among them were household names like Kimberly Clark, Hershey Co <HSY.N> and J.C. Penney Company Inc <JCP.N>, and startups like beauty-products site Glossier, Swedish oat-drink maker Oatly and e-commerce merchant Brandless.

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Monday, September 16


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Citigroup Analysts Give Twitter (NYSE:TWTR) a $45.00 Price Target – TechNewsObserver

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Twitter (NYSE:TWTR) received a $45.00 price target from stock analysts at Citigroup in a research report issued to clients and investors on Friday, September 6th, TipRanks reports. Finally, Moffett Nathanson cut their price objective on Twitter from $28.00 to $25.00 and set a “sell” rating on the stock in a research note on Thursday, June 13th. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fifteen have assigned a buy rating to the stock. In other news, CFO Ned D. Segal sold 8,000 shares of the company’s stock in a transaction dated Tuesday, September 10th.

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Here are oil plays Citi says will show biggest reaction to surge in crude

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In an analyst note, Citi identified the companies it says will have the biggest reaction to the rise in crude oil prices following the attacks in Saudi Arabia over the weekend. Small- and mid-cap oil explorers and producers that are heavily shorted or where positioning is negative include Extraction Oil & Gas , Whiting Petroleum Corp. , Callon Petroleum Co and Carrizo Oil & Gas . Heavily shorted land drillers, pumpers and sand/logistic companies could be active including RPC , U.S. Silica Holdings , Solaris Oilfield Infrastructure and Patterson-UTI Energy . Oasis Petroleum is a stock with sensitivity to financial leverage along with Whiting Petroleum and Carrizo Oil & Gas, and heavily shorted offshore drillers Transocean , Valaris , Diamond Offshore Drilling and Noble Corp "are likely to experience a large short cover bounce given elevated short interest ratios, but long cycle offshore activity should see less of an impact unless the outages/geopolitical risk premium sustains for an extended period while structural oversupply likely remains," the broker said.

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Sunday, September 15


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Atria Investments LLC Sells 15,681 Shares of Citigroup Inc (NYSE:C) – TechNewsObserver

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Atria Investments LLC decreased its stake in Citigroup Inc (NYSE:C) by 56.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. Several other hedge funds also recently modified their holdings of C. Personal Wealth Partners bought a new stake in shares of Citigroup during the 2nd quarter valued at about $27,000. The company had a trading volume of 13,842,240 shares, compared to its average volume of 12,906,766. Keefe, Bruyette & Woods upgraded Citigroup from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $74.00 to $86.00 in a report on Friday, July 26th.

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Citigroup Inc (NYSE:C) Shares Acquired by Asset Management One Co. Ltd. – TechNewsObserver

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Citigroup Inc (NYSE:C) Shares Acquired by Asset Management One Co. Ltd. Sunday, September 15th, 2019. Asset Management One Co. Ltd. lifted its position in shares of Citigroup Inc (NYSE:C) by 20.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The stock has a market capitalization of $155.65 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 0.75 and a beta of 1.78. The financial services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.78 by $0.17. JPMorgan Chase & Co. boosted their target price on shares of Citigroup from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th.

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