Goldman Sachs Upgrades China to Overweight
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Goldman Sachs upgrades their China stance from Marketweight to Overweight, saying the tightening cycle is starting to moderate.
"Recent inflation and macro activity data suggest that China’s policy tightening is beginning to bite. In turn, this leads our economists to expect less policy tightening," the firm states.
The firm reaffirmed their 12 HSCEI target of 16,500, which represents 27% upside from current levels.
Related ETFs:
iShares FTSE China 25 Index Fund (NYSE: FXI)
"Recent inflation and macro activity data suggest that China’s policy tightening is beginning to bite. In turn, this leads our economists to expect less policy tightening," the firm states.
The firm reaffirmed their 12 HSCEI target of 16,500, which represents 27% upside from current levels.
Related ETFs:
iShares FTSE China 25 Index Fund (NYSE: FXI)
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