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Citigroup cuts rating on US stocks to 'neutral'

2023-07-10 19:50
Citigroup on Monday cut its rating on U.S. stocks to "neutral" from "overweight" on recession risks, and warned
Citigroup cuts rating on US stocks to 'neutral'

Citigroup on Monday cut its rating on U.S. stocks to "neutral" from "overweight" on recession risks, and warned that growth is set for a pullback as AI "euphoria" enters a more digestive phase.

(Reporting by Subhadeep Chakravarty; Editing by Shilpi Majumdar)