Citi(C) Gurufocus·2024-10-07 03:11Core Viewpoint - The Chinese stock market is experiencing renewed optimism as major financial institutions upgrade their ratings on Chinese stocks, driven by government policy actions and potential earnings growth [1][2]. Group 1: Market Outlook - Goldman Sachs has raised its rating on Chinese stocks to "overweight," anticipating an increase in benchmark valuations due to decisive policy actions by the Chinese government [1]. - Citigroup has also upgraded its ratings on Chinese consumer and real estate stocks, reflecting a positive sentiment in these sectors [1]. - Analysts from Goldman Sachs predict a potential upside of 15% to 20% for Chinese stocks, supported by recent strong rebounds and valuations below the median range [1]. Group 2: Index Targets - Goldman Sachs has increased its 12-month target for the MSCI China Index to 84 points and the CSI 300 Index to 4600 points, indicating a total return rate of 15% to 18% [1]. Group 3: Sector Preferences - Citigroup analysts favor internet stocks, maintaining an "overweight" stance due to strong fundamentals and positive effects from consumption stimulus measures [2].