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<Research>Citi Foresees CN Stocks Flooding into US
Recommend 10 Positive 12 Negative 4 |
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The U.S. and China agreed to a 90-day suspension of high tariffs and a mutual reduction in import duties, Citi’s research report highlighted. The broker predicted a spike in Chinese inventory flowing into the U.S., as some shippers, previously on the sidelines, aim to avoid above-peers inventory costs. Citi reiterated a Buy rating on Evergreen Marine, followed by COSCO SHIP HOLD (01919.HK). However, the tariff truce excludes minimum duties on e-commerce shipments. In the U.S., Citi found heavily sold-off stocks that have yet to recover to their highs attractive, including United Parcel Service (UPS.US), Saia (SAIA.US), and CSX (CSX.US). AAStocks Financial News |
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