Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Citigroup Downgrades LTX

Citigroup downgrades LTX Corp. (LTXX) to sell from hold.

Analyst Timothy Arcuri says the company's results are in-line with its negative pre-release on Feb. 2. He believes the cyclical inflection point is here as product orders have troughed and are on the rise, and new product architecture and restructuring are fueling gross margin.

However, the company continues to announce customer wins but has few orders to show for it and the liquidity crunch looms. While he remains bullish on the group and structural impediments at the company, the continued lack of share gains and looming liquidity issues more than offset order trough and better margins from new product ramp.

He cuts his $6.75 target to $5.

blog comments powered by Disqus