Citigroup Targets 40% Returns for European Stocks by End-2016

European stocks to benefit from better GDP growth, improved liquidity, Citigroup strategists say in note.

  • Citigroup sees “double-digit” compound annual growth rate in EPS for 2014-16
  • Within equities, Citigroup expects leadership change from “low risk/quality to a group which has more exposure to financials, cyclicals and leverage”
  • Overweight financials/cyclicals, underweight defensives
  • MORE: Stoxx 600 index up 17% ytd, vs S&P 500 up 2.4% ytd

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