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Zacks Analyst Blog Highlights: Target Corporation, Wal-Mart Stores Inc., Hasbro Inc., Mattel Inc. and Citigroup Inc.
For Immediate Release
Chicago, IL – October 9, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Target Corporation (TGT - Analyst Report), Wal-Mart Stores Inc. (WMT - Snapshot Report), Hasbro Inc. (HAS - Analyst Report), Mattel Inc. (MAT - Analyst Report) and Citigroup Inc. (C - Analyst Report).
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Here are highlights from Thursday’s Analyst Blog:
Target Lowers Toy Prices
In order to woo customers this holiday season, major discount retailer Target Corporation (TGT - Analyst Report) recently announced an aggressive price cut on toys. The announcement came on the back of the Wal-Mart Stores Inc. (WMT - Snapshot Report) news on offering 100 toys for $10 each through the Christmas holiday, up from 10 toys offered last year.
Target slashed the price of selective toys by up to 50%, which include the Barbie Fashion Doll ($5), GI Joe Tough Troopers Figure ($14.99), and the Fisher-Price Little People Play 'N Go Farm Set 50th Anniversary edition ($11).
The holiday seasons are generally important for toymakers and retailers, who expect an uptick in demand with more children splurging in toy stores. However, toy companies did not reap any benefit in the 2008 holiday sales season due to recessionary effects, as consumers cut back their spending and prioritized their purchases.
Realizing the fact that customers may be reluctant to shell out more for toys, toy companies like Hasbro Inc. (HAS - Analyst Report) and Mattel Inc. (MAT - Analyst Report) are introducing new items at lower prices, and retailers are offering discounts to offset the impact of economic headwinds.
Citi's External Review - A Positive
The management team of Citigroup Inc. (C - Analyst Report) received a positive review in an outside appraisal but some shuffling of senior executives could be on the anvil.
The review was conducted this summer for Citi's board by recruiting and consulting firm Egon Zehnder International. It was triggered by the government's stress tests on top banks. Companies found to be in need of additional capital were required to conduct assessments of their management and report the findings to federal regulators. The Federal Deposit Insurance Corp. (FDIC), which had concerns about the qualifications of Chief Executive Vikram Pandit and his top management team, required Citigroup to hire an outside firm to perform the review.
The report, delivered to Citigroup's board on last Friday, gave strong overall marks to Citigroup's management team and to CEO Vikram Pandit in particular.
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About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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