logo
Citi Remains a Hold on IGO (IPGDF)

Citi Remains a Hold on IGO (IPGDF)

Citi analyst Kate McCutcheon maintained a Hold rating on IGO today and set a price target of A$4.10. The company's shares closed yesterday at $3.33.
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
McCutcheon covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Evolution Mining , and Mineral Resources Limited. According to TipRanks, McCutcheon has an average return of 7.8% and a 62.14% success rate on recommended stocks.
In addition to Citi, IGO also received a Hold from Canaccord Genuity's Timothy Hoff in a report issued on July 25. However, yesterday, Macquarie maintained a Buy rating on IGO (Other OTC: IPGDF).
The company has a one-year high of $4.36 and a one-year low of $1.99. Currently, IGO has an average volume of 2,245.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Citi targets commercial clients going through global growing pains
Citi targets commercial clients going through global growing pains

Yahoo

time2 hours ago

  • Yahoo

Citi targets commercial clients going through global growing pains

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Citi's commercial bank is jumping on chances to serve as a consolidator of banking services for clients that have incrementally built a global presence. That's according to Tasnim Ghiawadwala, global head of the lender's commercial bank, who pointed to a client with $1 billion in annual sales, operating in 60 markets, that's dealing with 72 banks. That's the type of opportunity Citi aims to capitalize on, leaning on its global reach. For mid-size companies, that situation 'happens sort of organically,' she said. Early on, commercial clients aren't thinking from a global perspective. But smaller companies are taking an increasingly global posture, and as they rack up bank partners in multiple markets, it can 'carry a huge amount of cost, to maintain such a large banking group,' she said. With many companies finding themselves in that situation, 'I have no doubt about our ability to grow in this space,' Ghiawadwala said. The New York-based lender maintained its global network – the bank's 'biggest competitive advantage' – when others with global ambitions retracted following the 2007-08 financial crisis, she noted. Simplifying banking could mean assisting in some or all of the countries where clients operate or structuring their liquidity needs more efficiently, she said. 'In some instances, it makes sense for the client to use a local or regional bank for their needs and in other markets it makes more sense to use Citi instead,' she said. Serving in the consolidator role is 'an opportunity for us to help them with harmonizing their banking relationships and centralizing their financial operations to have better visibility, increased access and ultimately generate efficiencies,' she said. Citi has brought its commercial bank to several new markets over the last five years, including Western Europe, Canada and Japan. In the U.S., the commercial bank operates in 17 markets to cover top business hubs, although it works with clients across the country. Citi doesn't disclose the size of the commercial business, although Ghiawadwala said it's a 'decent part' of Citi's banking segment. Citi's banking revenues rose 18% in the second quarter, to $1.9 billion, although that also includes investment banking and corporate lending. The lender is working to draw in new mid-sized corporate clients and do more for its current roster, she said. Growing the commercial client segment is one of Citi's main priorities this year and next. When asked about the size of the opportunity envisioned, the bank pointed to Ghiawadwala's comments from 2022, when she told investors the bank is focused on an addressable opportunity of about $150 billion; the bank's share of that was about 2% in 2022, and she said the bank sought to double that share. 'Even our existing clients are growing, and so, as they grow, their banking needs are changing,' Ghiawadwala noted in a recent interview. 'There's really a lot for us to do in terms of absolutely realizing our full potential.' The lender has bankers on the ground in 90 countries, and a global relationship manager oversees a client's entire reach across various markets, she said. Commercial clients do between $10 million to $3 billion in sales annually, with the 'sweet spot' being companies already operating in a few countries that are looking for a global bank, she said. The bank counted 14,000 commercial clients in 2022; Citi declined to share a current number. The lender focuses on six 'super sectors': industrials, digital technology and communications, retail, healthcare, business and professional services, and nonbank financial institutions. Citi aims to serve clients' everyday banking needs and as a strategic partner when it comes to investments and guidance. About 90% of clients are privately held businesses, and Citi aims to tap different parts of the bank when needed, such as if clients are looking to go public, Ghiawadwala said. These mid-sized corporate customers particularly appreciate consumer-like capabilities in banking, because they're companies that don't have as much formal structure or lack big treasury or finance teams, she said. Treasury management, for example, isn't something companies tend to consider at the outset. As firms go through growing pains, 'that's where we can kind of come in and bring our large company experience,' Ghiawadwala said. Citi has sought to simplify functions for clients – thinking through the number of clicks it takes to handle a task, or what web menus look like – while providing robust capabilities that some of the world's largest companies turn to the bank for. The bank unified functions through a new platform, introduced in 2023, that provides a single digital user interface. Last month, the bank added a digital credit application capability for smaller loans and an automated self-service credit management process, which allows Citi to monitor covenance without having to reach out to remind clients for information. In the markets that have added those tools, about 20% of commercial clients are using its digital lending capabilities, the bank said. Citi is also working to digitize banker tasks, with the bank's artificial intelligence-powered assistant Stylus, to bolster productivity when it comes to generating reports and other duties. A heatmap tool, rolled out earlier this year, helps bankers identify geographic locations clients operate in, as bankers consider products that would be beneficial, Ghiawadwala said. Recommended Reading Citi vet joins Blackstone's credit unit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Adapti, Inc. (OTC: ADTI) Announces Contract Extension of MLB Pitcher Seth Lugo Facilitated by Ballengee Group
Adapti, Inc. (OTC: ADTI) Announces Contract Extension of MLB Pitcher Seth Lugo Facilitated by Ballengee Group

Miami Herald

time3 hours ago

  • Miami Herald

Adapti, Inc. (OTC: ADTI) Announces Contract Extension of MLB Pitcher Seth Lugo Facilitated by Ballengee Group

LAS VEGAS, NV / ACCESS Newswire / August 1, 2025 / Adapti, Inc. (OTC:ADTI) announced today that its newly acquired baseball agency, The Ballengee Group, successfully facilitated a multi-year contract extension for Kansas City Royals starting pitcher Seth Lugo. Lugo, who has been one of the American League's most consistent pitchers in 2025, signed a two-year extension worth $40 million, with a third-year player option of up to $20 million. The contract extension marks another significant milestone for Ballengee Group, reinforcing the agency's long-standing reputation for advocating top-tier talent and securing strong high value deals for its clients. "Seth Lugo's extension with Kansas City is a testament to the leadership and experience of the Ballengee team, and to Seth's agent, Scott Barber," said Adam Nicosia, CEO of Adapti. "Ballengee's boots-on-ground approach and deep relationships across the league consistently delivers results that reflect the best interest of its athletes." The Ballengee Group, acquired by Adapti in July 2025, is a full-service sports agency representing professional baseball athletes. The agency is committed to client service, expert contract negotiations, and has a track record of advocating for high-character, high-performance players. About Adapti, Inc. (OTC: ADTI) Adapti, Inc. leverages advanced AI technology to match products and brands with optimal influencers, using proprietary data analytics to drive superior marketing results. Adapti aims to build a global platform where data is an asset, efficiently paired with high-impact influencers. In July 2025, Adapti acquired the Ballengee Group, a full-service sports agency representing Major League Baseball athletes. The Ballengee Group assists its clients with contract negotiations, marketing deals, public relations, and strategic partnerships. The Ballengee Group has guided world champions and global icons throughout their careers. Adapti plans to roll out a suite of integrated services that blend traditional contract negotiation and endorsement deals with dynamic social media campaigns, which we anticipate will be powered by AdaptAI's proprietary "data fingerprint" technology that the company is developing. This technology will utilize Large Language Models to quickly optimize and adapt to changes in the ever-evolving marketing landscape. This holistic approach is being designed to maximize engagement, drive higher ROI for brand partners, and ensure athletes capture every opportunity to grow their platforms. For more information, please visit our website: The information contained on our website is not incorporated by reference into this press release, and we disclaim any liability for such information. Forward-Looking Statements This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Adapti, Inc. generally identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar words. These statements are only predictions. Adapti based these forward-looking statements largely on their then-current expectations and projections about future events and financial trends as well as the beliefs and assumptions of management. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Adapti's control. Adapti's actual results (including those of Ballengee post-acquisition) could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: (i) the ability to integrate the business operations of Ballengee with that of Adapti, (ii) the ability of Adapti to timely make the necessary filings with the SEC related to the acquisition of Ballengee, and (iii) those risks detailed in Adapti's reports filed with the SEC, as well as other documents that may be filed by Adapti from time to time with the SEC. Accordingly, you should not rely upon forward-looking statements as predictions of future events. Additional risks and uncertainties can be found in the Company's recent annual and quarterly reports, filed with the SEC or other filings that are filed with the SEC thereafter. Adapti cannot assure you that the events and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results could differ materially from those projected in the forward-looking statements. The forward-looking statements made in this communication relate only to events as of the date on which the statements are made. Except as required by applicable law or regulation, Adapti undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Investors Contact: Phone: 214-301-3745Email: investorrelations@ SOURCE: Adapti, Inc.

Wedbush and Citi Raise PT on Unity Software Inc. (U)
Wedbush and Citi Raise PT on Unity Software Inc. (U)

Yahoo

time5 hours ago

  • Yahoo

Wedbush and Citi Raise PT on Unity Software Inc. (U)

With impressive year-to-date performance and significant hedge fund interest, Unity Software Inc. (NYSE:U) secures a spot on our list of the . A person using a laptop with a blue background showing the software platform's user inteface. Wedbush increased its price target on Unity Software Inc. (NYSE:U) from $31.50 to $39.00 on July 17, 2025. Maintaining an 'Outperform' rating, the analyst cited a conference call that featured Eric Seufert, a mobile advertising expert. Wedbush reiterated the rating and target on July 30, 2025, reaffirming the positive outlook for Unity Software. Amid this, Citi, on July 23, raised its price target on Unity Software Inc. (NYSE:U) from $29 to $44, taking an even more bullish stance than Wedbush. The analyst expects Unity's monetization economics to improve significantly, amid a potential reduction in Apple's App Store fees following a U.S. court decision related to revenue and an anticipated EU ruling. Unity Software Inc. (NYSE:U), a video game software company, is known for its real-time 3D development platform. It is included in our list of the unstoppable stocks. While we acknowledge the potential of U as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Cheap Value Stocks to Buy Now According to Warren Buffett and 7 Best Potash Stocks to Buy According to Analysts. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store