Story Stocks: Citigroup (NYSE:C), Office Depot (NYSE:ODP), RadioShack (NYSE:RSH), Bank of America (NYSE:BAC)
October 25, 2010 at 10:42 AM EDT
Goldman Sachs banking analyst Richard Ramsden added Citigroup (NYSE:C) to Goldman’s “conviction list” of stocks with buy ratings Monday, citing Citi’s exposure to emerging markets such as Latin America and Asia and saying the share price could rise 35% over the next 12 months. For similar reasons, Goldman also added HSBC to the “conviction” buy list.“The two groups – which operate the two most expansive banking networks globally – are uniquely well placed to benefit from emerging market growth relative to mature market peers,” wrote Ramsden, who upgraded Citigroup from “neutral” to “buy” in late May, the shares have been pretty much flat since then. -The Wall Street Journal Office Depot (NYSE:ODP) announced Chairman… . . . → Full Story: Story Stocks: Citigroup (NYSE:C), Office Depot (NYSE:ODP), RadioShack (NYSE:RSH), Bank of America (NYSE:BAC)