Overwhelming consensus! Wall Street "targets" Banks stocks as the top choice for 2025.
Buying bank stocks has become the overwhelming consensus among strategists at major Wall Street firms regarding their outlook for 2025.
Citi maintains a "neutral" rating on PRADA with the Target Price raised to HK$68.
Citi released a research report stating it maintains a "Neutral" rating on PRADA (01913), raising the sales, EBIT, and earnings per share forecasts for fiscal year 2024 by 1%, 2%, and 2% respectively, while the 2025 forecasts were raised by 1%, 2%, and 3% respectively, and the 2026 forecasts increased by 1%, 2%, and 3% respectively, with the corresponding Target Price raised from HKD 64.3 to HKD 68. The report mentioned that PRADA's total net revenue in the first three quarters increased by 17% year-on-year at fixed Exchange Rates, which could drive a 20% growth in EBIT and earnings per share this year, thereby improving profit margin prospects for the second half of the year. However, Business growth primarily comes from
SA Asks: How Should Investors Position Portfolios Ahead of Fed Vote?
Are You Ultra-Rich, Rich or Merely Affluent? It Makes a Big Difference for Your Bank -- Heard on the Street -- WSJ
Citigroup Options Spot-On: On December 13th, 120.94K Contracts Were Traded, With 2.43 Million Open Interest
Weekly Buzz: Tech stocks hit high scores on ominous day
