On Wednesday, Shares of Emerson Electric Co. (NYSE:EMR), gained 0.30% to $46.34.
Emerson, declared it has closed on the sale of its InterMetro business to Ali Group, a private company based in Italy that specializes in the manufacturing of foodservice equipment for restaurants, hotel chains, hospitals, schools, airports, correctional facilities and canteens. Final terms of the sale were not revealed.
Presently part of Emerson’s Commercial and Residential Solutions segment, InterMetro is based in Wilkes-Barre, Pa., and employs more than 1,500 people across the globe.
Emerson Electric Co. provides technology and engineering solutions to industrial, commercial, and consumer markets worldwide. It operates through five segments: Process Administration, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
Shares of Annaly Capital Management, Inc. (NYSE:NLY), inclined 0.49% to $10.23, during its last trading session.
The stock, as of recent close, has shown weekly upbeat performance of 3.65% which was maintained at 3.39% in this year. The stock traded on a volume of 5,330,100, lower than its standard daily volume. The stock has moved up across its 50-day moving average of $10.17.
Many analysts have commented on the company rating. Equity Analysts at the Brokerage Firm, Keefe Bruyette & Woods, maintains their rating on the shares of Annaly Capital Management Inc (NYSE:NLY). Keefe Bruyette & Woods has a Market Perform rating on the shares. As per the latest research report, the brokerage house lowers the price target to $11 per share from a prior target of $11.5. The rating by the firm was issued on August 14, 2015.
Annaly Capital Management, Inc. owns a portfolio of real estate related investments in the United States. The company invests in various types of agency mortgage-backed securities and related derivatives to hedge these investments; acquires, finances, and manages commercial mortgage loans and other commercial real estate debt, commercial mortgage-backed securities, and other commercial real estate-related assets; and operates as a broker-dealer.
Finally, Shares of Citizens Financial Group Inc (NYSE:CFG), ended its last trade with 0.34% gain, and closed at $23.44.
The stock was trading on below-average volume. The stock traded at a volume of 4,528,600 shares at a price gain of 0.34%. The share price is now down -12.79% for the past three months. Latest closing price was -5.52% below its 50-day moving average and -7.52% below its 200-day moving average.
In a note revealed to investors by Jefferies & Co on Tuesday morning, Citizens Financial Group (NYSE:CFG) had its TP reduced to $25.00. The firm now has Hold rating on the stock.
Out of 18 analysts covering Citizens Financial Group, 10 rate it a Buy, 10 indicate a Hold while 0 suggest a Sell. The highest target is $33 and the lowest is $24 according to Thomson/First Call. The 12-month mean target is $28.11, which means upside potential of 20.33% over the current price.
Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States.
