Original article by David Rogers
The Australian – Page: 27 : 29-Mar-19
Citigroup is bullish about the outlook for the S&P/ASX 200, forecasting that it will end 2019 at 6,500 points and reach 6,650 points by mid-2020. The benchmark index has gained 9.4 per cent so far in the first quarter of 2019, following a nine per cent decline in the December 2018 quarter. Citigroup is particularly upbeat about the resources sector. Meanwhile, Andrew Garthwaite of Credit Suisse has upgraded his recommendation on resources stocks from ‘neutral’ to ‘overweight’.
STANDARD AND POOR’S ASX 200 INDEX, CITIGROUP PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB