Upgrades Summary - Rothschild & Co Redburn upgraded Kenvue (KVUE) to Buy from Neutral with a price target of $22, down from $22.50, citing a more measured response from the Health and Human Services department regarding Tylenol usage concerns [2] - Rosenblatt upgraded Ciena (CIEN) to Buy from Neutral with a price target of $175, up from $127.50, following an innovation day that highlighted opportunities to network multiple AI data centers [2] - Citi upgraded Riot Platforms (RIOT) to Buy from Neutral with a price target of $24, up from $13.75, due to the company's transition to AI and high-performance computing [2] - JPMorgan also upgraded Riot Platforms to Overweight from Neutral with a price target of $19, up from $15 [2] - Goldman Sachs upgraded Ionis Pharmaceuticals (IONS) to Neutral from Sell with a price target of $65, up from $45, noting the company's transition to a commercial growth story [2] - RBC Capital upgraded Alkermes (ALKS) to Outperform from Sector Perform with a price target of $44, up from $42, based on positive analysis of potential narcolepsy type 2 treatment effects for alixorexton [2]

Core Viewpoint - Citigroup is seeking additional minority investors for its Mexican retail unit, Banamex, prior to a potential initial public offering (IPO) [1] Group 1 - Citigroup's executives announced the strategy to attract more minority investors for Banamex [1] - The move is part of the preparations for a potential IPO of the retail unit [1]

Key Takeaways Citigroup agreed to sell a 25% stake in Banamex to Fernando Chico Pardo and his family.The sale supports Citigroup's exit from consumer banking in Mexico while focusing on institutional growth.Completion of the deal is expected in the second half of 2026, subject to regulatory approvals in Mexico.Citigroup Inc. (C) has taken a decisive step in its global restructuring efforts, announcing an agreement with a company wholly owned by Mexican business leader Fernando Chico Pardo and his family to ...

Core Viewpoint - KBRA has assigned preliminary ratings to 56 classes of mortgage pass-through certificates from Citigroup Mortgage Loan Trust 2025-4, indicating a significant transaction in the prime residential mortgage-backed securities market [1] Group 1: Transaction Details - The transaction is collateralized by owner-occupied primary and secondary properties [1] - The underlying pool consists of 370 fixed-rate mortgages (FRMs) [1] - The aggregate principal balance of the mortgages is approximately $345.5 million as of the cut-off date on September 1, 2025 [1]

Group 1 - Citigroup Inc. has relocated nearly 1,000 tech jobs to its business support centers in India following workforce reductions in China as part of a global restructuring effort [1][4] - The job transfers occurred in phases over recent months, coinciding with a broader strategy to simplify operations globally [1] - Citigroup's technology workforce in China is set to be reduced by approximately 3,500 employees as part of these global simplification efforts [4] Group 2 - The Indian tech hubs, referred to as Global Capability Centers (GCCs), have expanded significantly, representing a $64 billion market according to an EY report [3] - Citigroup employs around 33,000 staff in India, primarily within these support centers located in cities such as Bangalore, Chennai, Pune, and Mumbai [3] - The recent changes in the H-1B visa program, including a $100,000 fee on new applications, may lead global banks to further increase their reliance on Indian support centers [2]

By Anmol Choubey (Reuters) -Goldman Sachs lowered on Thursday its global copper mine supply forecast for 2025 and 2026 following a disruption at Indonesia's Grasberg, the world's second-largest copper mine. The incident, which occurred on September 8, trapped workers underground due to heavy mud flow, prompting operator Freeport-McMoRan to declare force majeure. The bank estimates there will be a total loss of 525,000 metric tons of copper mine supply as a result of the disruption, reducing its global m ...

Jeoffrey Guillemard/Bloomberg Citigroup Inc. agreed to sell a 25% stake in its Mexican retail banking unit Banamex to local businessman Fernando Chico Pardo as part of a plan to list the asset publicly.Chico Pardo — via a company owned by the executive and his family — will acquire the stake for about $2.3 billion, Citigroup said in a statement. When the deal closes, as expected in the second half of next year, Chico Pardo will become chair of Grupo Financiero Banamex, according to the statement. New Yor ...

Citigroup said on Wednesday it has agreed to sell an equity stake in Grupo Financiero Banamex to a company owned by Fernando Chico Pardo and his immediate family, marking a step toward the firm's plan... ...

Core Viewpoint - Disney is facing challenges due to the suspension of Kimmel, subscriber cancellations, and is increasing subscription prices for Disney Plus and Hulu starting October 21st [1][14]. Group 1: Impact of Kimmel Suspension - The Kimmel show has approximately 1.5 million viewers per night, but its suspension is not expected to have a significant financial impact on Disney [2][3]. - Concerns from investors revolve around the potential collateral damage of Disney becoming a political issue, but historical context suggests minimal impact on financials from similar past events [4][5]. - The situation presents a complex dynamic where Disney aims to maintain relationships with both the creative community and political entities [6]. Group 2: Streaming Business and Pricing Strategy - Disney's streaming services, particularly Disney Plus and Hulu, are positioned in the middle of the market in terms of usage and cost per viewed minute compared to competitors like Netflix [15][16]. - The price hike is seen as a tactical move to improve margins and provide financial resources to enhance content offerings, which is crucial for reducing churn and increasing engagement [17][16]. - The current content strategy may not be sufficient to retain subscribers long-term, as Disney has marquee content but lacks depth compared to competitors [16][17].

Shares may be rising because investors expected the White House to announce stricter regulations on the medication, Citi analysts said. https://t.co/96phkbFLy6 ...