Citi Elevates Brazil Equity

Citi Elevates Brazil Equity


Citi’s equity strategists have put Brazil at the top of their LatAm performers list based primarily on a severe downswing in the Bovespa since late-April. The Brazilian market’s 40% drop in the past 4.5 months combined with improved domestic fundamentals set the foundations for improvement in coming months, says the shop. Citi also believes commodities have sold off more than they should have, while the dollar is still set to weaken. With the earnings outlook still positive, the shop tips Brazil

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial