Home » Behavioural Investing » $QGen recommendation from Citigroup. Suspicious Set Up.

$QGen recommendation from Citigroup. Suspicious Set Up.

Qiagen NV (Nasdaq:QGEN) forced Citigroup to drink some Kool-Aide and upgrade their stock recommendation from Sell to Neutral. The olde target price was $18.00 new target $24.00

Current price is round OMG just under $24.00. Lets face it Citigroup does not believe in the story but got run over by the market.

Not that I’m cynical or anything but watch for a big rethink resulting in Citigroup going bullish and then maybe some iBanking fees coming in.

Short Ratio 8.43%  Percentage of float short 2.56%. Citigroup is probably servicing the short side.

George Gutowski writes from “A Caveat Emptor Perspective”