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

seekingalpha11-20 01:38

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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  • BK99
    ·11-20 07:52
    Citi who is Citi ?? Their shares had been tanked for years ! 
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  • KienBoon
    ·11-20 02:41
    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. 
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    • KienBoon
      something really wrong with this Citi. [Happy] [Spurting]
      11-20 22:04
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    • RatedReuben
      she downgraded by increased target price.
      11-20 20:49
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