Futu cut to Neutral at Citi even after solid Q3 results; stock slides

seekingalpha11-20

KanawatTH/iStock via Getty ImagesFutu Holdings (NASDAQ:FUTU) shares retreated 5.8% in Tuesday afternoon trading, even after the Hong Kong-based online brokerage delivered solid Q3 results and declared...

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Comments

  • BK99
    11-20
    BK99
    Citi who is Citi ?? Their shares had been tanked for years ! 
  • KienBoon
    11-20
    KienBoon
    Can't believe that this Citi analyst downgraded Futu despite the solid 3Q results and special dividend of $2! It was quite a good dividend indeed. In fact Futu 52wks high was abt $130. It is now only about $88 which is like 30%+ lower.   It seems unreasonable assessment indeed by Citi. Didn't see such kind of rating previously for other counters. 
    • HeyJJ: 
      Citi wants to buy more ma xD
    • KienBoon: 
      something really wrong with this Citi. [Happy] [Spurting]
    • RatedReuben: 
      she downgraded by increased target price.
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