Citi upgrades Australian, Euro stocks

Original article by Alex Gluyas
The Australian Financial Review – Page: 27 : 10-Jan-23

Citigroup has upgraded its rating on Australian equities to ‘neutral’ and expects the benchmark S&P/ASX 200 to reach 7,400 points in 2023. Citi also cautions that there is downside risk to consensus earnings forecasts of four per cent for the calendar year. Meanwhile, Citi has upgraded its rating for European shares to ‘overweight’, but its recommendation on US shares has been downgraded to ‘underweight’.

CORPORATES
CITIGROUP INCORPORATED,STANDARD AND POOR’S ASX 200 INDEX

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