Markets may be underestimating tariff risks, which could lead to earnings downgrades if they persist, according to Drew Pettit, Director-US Equity Strategy at Citi. While companies and investors have adjusted their risk-reward balance, the impact of tariffs remains uncertain. “We are underpricing it,” Pettit said, warning that earnings could take a hit if tariffs stay […]
Fed may hold rates, hint at deeper 2025 cuts: Citi – CNBC TV18
The US Federal Reserve is expected to keep interest rates unchanged at its upcoming policy meeting, but it may signal deeper rate cuts for 2025 through its dot plot projections, according to Johanna Chua, Managing Director, Head of Emerging Market Economics & Chief Asia Economist at Citi. Chua said the Fed is likely to adjust […]
Citi predicts Nifty to reach 26000 by year-end as market outlook improves – CNBC TV18
India’s stock market outlook has improved, said Surendra Goyal, Head of India Research at Citi, predicting that Nifty could reach 26,000 by the end of the year. According to Citi, lower stock valuations, strong growth in key sectors, and supportive policies from the Reserve Bank of India (RBI) will help boost the market. Goyal explained […]
Lupin shares surge after Citi upgrades betting on strong US sales potential – CNBC TV18
Brokerage firm Citi on Wednesday, March 5, upgraded its rating on Lupin Ltd. and revised its price target higher by 19%. The brokerage upgraded the stock to “buy” from its earlier rating of “sell” and increased its price target to ₹2,260 from its previous target of ₹1,900. This indicates a 15.7% upside potential for Lupin’s […]
Is UltraTech’s latest move into wires and cables a buying opportunity? Here’s what analysts said – CNBC TV18
Shares of UltraTech Cement Ltd., which have traded with losses for six-straight sessions, will be in focus on Thursday, February 27, after announcing a foray into the wires and cables business. Analysts having coverage on the stock have projected up to 21% upside on the stock post the company’s announcement, although they do not see […]
Prudential is said to hire Citigroup for $1 billion India IPO – CNBC TV18
Prudential Plc has hired Citigroup Inc. to help work on a potential initial public offering of Indian unit ICICI Prudential Asset Management Co., according to people familiar with the subject. Company Value Change %Change A listing could raise about $1 billion, the people said, asking not to be identified because the matter is private. Preparations […]
Sharers of Ola Electric extend their fall as brokerages cut their target prices – CNBC TV18
Foreign brokerages including Goldman Sachs and Citi reduced their target prices on Ola Electric Mobility after lower-than-expected performance in the December quarter. The net loss of the electric vehicle manufacturer widened during the quarter to ₹564 core, against ₹376 crore reported a year ago. Company Value Change %Change While Citi revised its 12-month target price […]
Citi rolls back profit target halfway through Fraser’s revamp – CNBC TV18
Citigroup Inc. lowered a crucial profitability target that Chief Executive Officer Jane Fraser put at the center of her campaign to turn around the bank as it struggles to contain costs. Company Value Change %Change The lender now expects return on tangible common equity to be between 10% and 11% by the end of next […]
US Markets Live Updates: December CPI data and earnings from Goldman Sachs, JPMorgan, Citigroup, and others in focus today
US Markets Live Updates: US markets gear up for an important session, with all eyes on December CPI data, expected at 7:00 PM IST, and the earnings season kicking off with results from Goldman Sachs, JPMorgan, Citigroup and others. Stay tuned for live updates on market trends, data releases, and key earnings announcements. US Markets […]
Neutral stance on emerging markets since Trump election, says Citi – CNBC TV18
Drew Pettit, Director of US Equity Strategy & ETF Analysis at Citi said that since Donald Trump became president, their global equity team has been somewhat worried about emerging markets (EMs). He mentioned that they currently have a neutral view of these markets. He explained that the team is neutral because factors like Trump’s policies, […]