According to Guy Moszkowski, CFA:
The worst of everything
The implosion of global liquidity, collapse of risk appetite, and weakening of
consumer credit on a global basis made for dreadful backdrop, which was
exacerbated by poor execution, worsening consumer credit, and by the firm’s
upgrade of credit-loss models to incorporate some more negative early-warning
signs which. Surprises in Cons. credit: the swing in credit costs was 8% ($200
mn) higher than forecast 2 weeks ago; and, Int’l provisions were much greater.
Forecasting:
Term (Next business day): Price Trend --> Up. Target Price: $42.74
Term (1-5 days): Price Trend --> Down. Target Price: $42.07
Term (5-30 days): (First half: 5-17 days). Price Trend --> Down. Target Price: $42.26.
(Second half: 18-30 days). Price Trend --> Up. Target Price: $45.41
Term (three months): Price Trend --> Down. Target Price: $41.73
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domingo, 21 de octubre de 2007
Citigroup Inc. (C): October 19, 2007
Etiquetas:
"Citigroup Inc.",
"October 19,
2007",
C,
forecasting
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