Analyst Action Puts Anadarko Petroleum in Spotlight, COMSCORE, Inc. (SCOR) Trading Higher on Accounting Probe Updates & Other News

Given that it is one of the largest industrial companies in the world and Hinkley Point will be one of the largest industrial projects in the U.K., it’s not surprising that General Electric Company (NYSE:GE) has recently won a $1.9 billion order to supply generators, steam turbines and other industrial equipment to the nuclear power plant project. After putting the project on hold in part due to political reasons, the British government gave the go-ahead for the project on Thursday. The order confirm’s GE’s leadership position in the industrial sector and partially validates its pivot away from the financial sector. Of the around 750 elite funds that we track, 57 were long General Electric Company (NYSE:GE) at the end of the second quarter.

Analysts at JPMorgan recently gave the thumbs up to Anadarko Petroleum Corporation (NYSE:APC), as they raised their price target to $70 from $64 and reaffirmed their ‘Overweight’ rating. As reason for the price target hike, JPMorgan likes the expected accretion from Anadarko’s recent deepwater acquisition, as well as management’s dedication to reinvest in U.S. onshore assets. Hedge funds on a count basis cut their stake in Anadarko in the second quarter. A total of 48 funds from our database had a bullish position in Anadarko Petroleum Corporation (NYSE:APC) at the end of June, down by 11 funds from the previous quarter.

Citigroup Inc (NYSE:C) is in the red after analysts at Goldman downgraded the stock to ‘Neutral’ from ‘Buy’. The analysts also trimmed their price target to $50 per share from $52, noting that the bank’s ROE of 7.7% is considerably below the target of 10%. Going forward, the Goldman analysts don’t think Citigroup’s strong divisions of wealth management, etc. will be enough to help lift the company’s overall ROE to that 10% target. A total of 97 funds we track have a stake in Citigroup Inc (NYSE:C) as of the end of June, down by four funds from the previous quarter.

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