Jefferies Maintains a 'Hold' on City National (CYN); Bumping Numbers After Another 'Beat and Raise'
Tweet
Share
E-mailGet Alerts CYN Hot Sheet
Price: $1.09 +1.87%
Rating Summary:
8 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
8 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Jefferies maintains a 'Hold' on City National (NYSE: CYN) price target of $50.00 (from $49.00).
Analyst, Casey Haire, said, "In a quarter in which both interest rates and market levels worked against CYN's revenue model, the company still managed to beat our earnings forecast. We add a nickel to our 2013 estimate (now $3.85) to account for the higher starting point for revenues, but see little upside to estimates in a low interest rate environment."
FY12 EPS estimate raised from $3.55 to $3.70 and FY13 from $3.80 to $3.85.
For an analyst ratings summary and ratings history on City National click here. For more ratings news on City National click here.
Shares of City National closed at $49.41 yesterday.
Analyst, Casey Haire, said, "In a quarter in which both interest rates and market levels worked against CYN's revenue model, the company still managed to beat our earnings forecast. We add a nickel to our 2013 estimate (now $3.85) to account for the higher starting point for revenues, but see little upside to estimates in a low interest rate environment."
FY12 EPS estimate raised from $3.55 to $3.70 and FY13 from $3.80 to $3.85.
For an analyst ratings summary and ratings history on City National click here. For more ratings news on City National click here.
Shares of City National closed at $49.41 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- Piper Sandler Reiterates Overweight Rating on Patterson-UTI Energy (PTEN)
- Cummins (CMI) PT Lowered to $675 at Jefferies
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & Co, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
