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Stock impact report

Market Strategists Finally Upgrade Europe After Years of Caution [Yahoo! Finance Canada]

Citigroup, Inc. (C) 
Last citigroup, inc. earnings: 4/15 08:00 am Check Earnings Report
US:NYSE Investor Relations: citigroup.com/citi/investor/pres.htm
Most Read from Bloomberg Nearly half of the strategists in a monthly Bloomberg survey have raised their forecasts for the Stoxx Europe 600 Index since last month — when about two thirds of strategists were expecting downside ahead. The new estimates raised the median target by over 6% to 566 from 533 last month. While the average implies little upside from Wednesday's close, strategists are overwhelmingly positive, with less than a third of respondents now expecting a pullback for the rest of the year. “Seismic policy shifts in Europe could eventually increase the region's long term earnings-per-share growth trajectory and therefore boost longer term returns,” said Citigroup Inc. strategist Beata Manthey, who correctly predicted European stocks would rally this year. “Our once bullish targets have little upside left.” The region is benefiting from several factors that are luring investors. German lawmakers passed a landmark spending package this week, unlocking hundreds of bi Show less Read more
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