business / news / / Reuters
Citi joins a flurry of brokerages betting on resilient corporate earnings, attractive valuations following recent pullbacks.
Citigroup has shifted to a bullish stance on U.S. equities due to resilient earnings.
KEY POINTS
- Citi expects about 50% of global earnings-per-share growth in 2026 to come from tech.
- Citi downgraded emerging market equities to 'Neutral' citing vulnerability to energy shortages.
- Citi upgraded its year-end MSCI EM index target to 1,770 from 1,540.
- The global materials sector was upgraded to 'Overweight' due to improved earnings momentum.
COMPANIES
Summarized by Newsio from Reuters. How we summarize →