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Citigroup Snaps Six Consecutive Sessions of Gain
Express News | Citigroup raised the target price for lululemon from 270.00 dollars to 380.00 dollars.
Express News | Citi adjusts its forecast and now bets on a 25 basis point rate cut by the Fed in December.
Index fund attracted $500 billion in 2024, reigniting the debate on passive investment on Wall Street.
The passive investment trend is accelerating. The danger brought by the frenzy of stock index tracking has generated new anxieties on Wall Street. With nearly a month left until the end of 2024, index funds have already attracted approximately $50 billion in new capital, while their actively managed counterparts are experiencing capital outflows. In recent weeks, the increasingly dominant position of index investments has sparked strong dissatisfaction from the active fund management giants Apollo Global Management and Citadel, who accuse that the surge in index funds undermines the crucial role of stock pickers in improving market efficiency, and so on. However, the two major Wall Street banks are adjusting to this asset allocation.
Goldman Sachs Maintains Citigroup(C.US) With Buy Rating, Raises Target Price to $81
Wells Fargo's 'Value Equity' List: VZ, GM, TGT and More