This morning, Citigroup initiated coverage on shares of the CIT Group (CIT) with a buy rating as the company's turnaround efforts appear to be working. With the buy rating, Citigroup set its initial price target at $57 per share.
In morning trading, CIT shares were heading higher, picking up 1.1% so far.
And Goldman Sachs raised its price target on shares of NVIDIA (NVDA) to $15 following the company's settlement with Intel (INTC). Goldman Sachs expects earnings to increase as a result, but maintained its neutral rating.
Shares of NVIDIA were lower despite the news, falling 1.5% this morning.
The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201101Upgrades011111&mv=1.
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