Tag: Citigroup

DALLAS—Brinks Home, one of the largest home security and alarm monitoring companies in the U.S., has announced the appointment of Thomas (Tom) Kim as chief financial officer, effective immediately. This strategic move follows a successful financial restructuring, positioning Brinks Home for a robust and sustainable future, according to the company. Kim, with over 20 years of financial leadership experience, brings a wealth of expertise to Brinks Home. His impressive track record includes...

NEW YORK—Investment analysts at Citigroup began coverage on shares of ADT in a note issued on Monday to investors, according to multiple reports. The firm set a “buy” rating and a $48.00 price target on the stock. The analysts had to untangle “complex accounting” and adjust cash flows to estimate steady-state free cash flow. They estimated the fair value to be about $42 per share, with potentially hidden tax assets adding another $6. ADT shares opened at $41.88 on Monday....