Citigroup’s Manthey Double-Downgrades ‘Less Appealing’ UK Stocks

Citigroup strategists say the UK market remains defensive and tilted to commodities, which makes it less attractive as geopolitical tensions ease. The note implies a relative headwind for UK equities versus other markets in a de-risking environment, though it is primarily a positioning/sector tilt observation rather than a specific catalyst.

Analysis

Citigroup strategists say the UK market remains defensive and tilted to commodities, which makes it less attractive as geopolitical tensions ease. The note implies a relative headwind for UK equities versus other markets in a de-risking environment, though it is primarily a positioning/sector tilt observation rather than a specific catalyst.