Investing.com – Citigroup takes a look at the European equity market, as the second half of the year approaches.
The bank sees a modest +3% upside for the benchmark index into the year-end, with the upside likely driven by relatively solid EPS growth.
Continued improvements in the Eurozone economy have resulted in the bank’s analysts raising 2024 European EPS growth to +8%, slightly above bottom-up consensus, and forecast +10% EPS growth in 2025.
“The European market thus looks ‘fairly priced’, but upside remains possible should earnings continue to deliver,” Citi said.
The…