Citi Raises S&P 500 EPS Guidance While Noting Short Term Headwinds
Tobias M Levkovich of Citi thinks the stock market is slightly undervalued.
Writing in a research note from last week, Citi slightly raised their earnings forecast from $117.25 to $117.50, slightly ahead of consensus. Noting “a variety of issues have conspired to restrain 1Q14 economic and thereby earnings growth,” the report cited a familiar excuse, the weather, among other items, including “a stronger
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