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Citi Downgrades CN Stock Mkt to Neutral
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Citi downgraded China's stock market from Overweight to Neutral, reflecting potentially unfavorable corporate earnings revisions and downbeat macro outlook. Citi stated that its allocation to EM countries remains cyclical, believing that EMs will immensely benefit from AI development. The broker forecast strong EPS growth for EMs in 2026, targeting the MSCI Emerging Markets Index at 1,540 by the end of 2026, representing an 11% potential upside from yesterday's (22nd) closing. AASTOCKS Financial News Website: www.aastocks.com |
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