Analysts Downgrade China's Stocks at Fastest Clip Since 2011
- Some 84 companies were cut or issued sell ratings in March
- Signs emerging that China wants to slow this year’s bull run
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China’s brokerages are sounding the alarm about the nation’s supercharged stocks.
Analysts either downgraded or issued new sell ratings on 84 mainland-listed companies in March, the peak of China’s annual earnings season, according to data compiled by Bloomberg. That’s the highest number for any comparable period since 2011, and comes at a time when Chinese stocks extended this year’s world-beating rally to 24 percent.