TechFlow News, April 14: Like other Wall Street analysts, Citigroup strategists have turned more optimistic on U.S. equities. They noted that heightened uncertainty surrounding the war has led investors to favor higher-quality, more defensive companies. Citigroup strategists upgraded their rating for U.S. equities from “neutral” to “overweight” and adjusted their global asset allocation based on a “quality/defensive tilt.” They also downgraded their rating for emerging-market equities from “overweight” to “neutral,” citing these markets’ vulnerability to energy shocks and a strengthening U.S. dollar. (Jinshi)
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