a***yst Insight: Citigroup Inc. Raises Non-GAAP EPS Estimates on Lexmark International, Inc
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a***yst Insight: Citigroup Inc. Raises Non-GAAP EPS Estimates on Lexmark International, Inc |
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Citigroup Inc. (NYSE:C) raised its 3Q2010, 2010, 2011 and 2012 non-GAAP EPS estimates on Lexmark International, Inc. (NYSE:LXK) on Wednesday - "primarily to reflect higher laser hardware margins, higher supplies revenue and lower operating expenses (before the addition of Perceptive), Moreover, we continue to expect solid EPS growth in 2011, making current valuation appear even more disconnected from fundamentals," Citigroup reiterated a Buy rating on shares of Lexmark. SmarTrend currently has Lexmark International in an Uptrend. Since 2008, SmarTrend subscribers trading Lexmark International using our alerts outperformed the stock by 57%. We are monitoring these developments and will alert subscribers to any change in trend. Lexmark International is currently above its 50-day moving average (MA) of $35.60 and above its 200-day of $31.87. In the last five trading sessions, the 50-day MA has fallen 0.7% while the 200-day MA has risen 1.04%. Shares of the printing and imaging solutions supplier are trading down 0.05% Wednesday morning at $37.74. I'm Maribel Aber for SmarTrend News. For more news and market a***ysis make sure to subscribe to our Youtube channel TradetheTrend also visit our website: Tradethetrend.*** for more headlines. Video Length - 87 seconds Video Tags - stocks, shares, market, smartrend, comtex, analyst, insight, citigroup, lexmark, international, |
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