Credit Suisse Ups European Banks To Overweight

Credit Suisse says, “We took European banks up to benchmark from underweight on 8 July and now upgrade them to overweight. As a consequence, we are now overweight global banks (via Europe and GEM).”

“We fund this upgrade by increasing our underweight in cyclicals (capital goods) and trimming our overweight in tech, media and food producers,” the analysts add.

More Analyst Ratings here