Piper Sandler Maintains Citigroup(C.US) With Buy Rating, Raises Target Price to $80
Is the rally in the U.S. stock market unstoppable? Citigroup says more and more short sellers are waving the white flag.
Citigroup strategists say that as the s&p 500 index continues to reach new highs, it is set to record the largest annual increase since 2021, while short sellers in the usa stock market are abandoning their positions. "Investors' positioning on s&p 500 index futures is completely one-sided," Chris Montagu wrote in a report. "The usa stock market has reached new highs for the fourth consecutive week, and more short sellers are choosing to give in." There is no sign of a decrease in interest in the usa stock market this year. The s&p 500 index has surged by 27%, driven by a preference for technology stocks and usa assets, repeatedly setting record highs. Trump's election as president of the usa sparked people's interest in
Citigroup Is Maintained at Overweight by Piper Sandler
A Quick Look at Today's Ratings for Citigroup(C.US), With a Forecast Between $80 to $95
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Citi: assigns miniso a "buy" rating with a target price of HKD 52.5.
Citi released a research report stating a "buy" rating for miniso (09896) with a target price of HKD 52.5. miniso's management has expressed a strong outlook for overseas market sales revenue in the fourth quarter of 2024. The report mentions that the management expects accelerated sales and net income growth year-on-year in 2025, driven by high sales growth and profit expansion in overseas markets. The management anticipates a 25-30% year-on-year increase in group revenue for the fourth quarter of 2024, which includes an expected 45-50% year-on-year growth in overseas sales; the sales in china for miniso are expected to grow by a low single-digit percentage year-on-year.
Citi: The likelihood of the spread between 10-year French government bonds and German government bonds narrowing in the short term is very low.
Citigroup strategists believe that there is little possibility of the spread between French and German 10-year government bonds narrowing in the short term, and the issuance of French bonds on Thursday will further increase the difficulty. The strategist said: "Although news may still be the driving force, the pace of spread widening may slow down after yesterday, but we believe that in the next few months, this situation seems unlikely to reverse." French Prime Minister Barnier forced a social security bill through parliament without a vote, and it is expected that the opposition will hold a vote of no confidence against the French government on Wednesday, which may result in the collapse of the government. Citigroup strategists believe that the market continues to assess this.
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The interbank certificates of deposit are "crazy," and expectations for further easing of monetary policy have increased.
① The rates of interbank certificates of deposit for various maturities have significantly decreased, with some maturities dropping by 20 basis points, marking the largest single-day decline in recent years. ② The central bank governor, pan gongsheng, stated that next year, a supportive mmf policy stance will be maintained, with increased counter-cyclical adjustment efforts. ③ The one-year interbank certificate of deposit may indicate signs of an easing mmf policy.
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