Investing.com -- RBC Capital Markets has upgraded the Utilities sector to Overweight from Market Weight, highlighting it as their top defensive sector.
“In the latest set of results, our US Utilities team had the most constructive performance outlook across all US sectors,” RBC strategists said in a note. On the other hand, RBC downgraded the Energy sector to Market Weight from Overweight. According to the note, the move was partly a strategic one to accommodate the upgrade of Utilities, as RBC prefers to maintain only three sectors with an Overweight rating.
“Despite our downgrade, we stress that US Energy feels very much like a sector that should be a market weight, not an underweight,” the investment bank added.
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Barclays downgrades homebuilders, says stocks can't continue to 'defy gravity'The firm downgraded D.R. Horton, Lennar Corporation, PulteGroup and KB Home to equal weight from overweight.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »
The Weight Loss Drug Market is BoomingThe weight loss drug category is rapidly evolving with increasing usage and revenue projections. Up to 30 million people in the U.S. could be on weight loss drugs by 2030, generating $100 billion in revenue. Doctors believe 50% of the U.S. population could be eligible for these drugs, fueled by the effectiveness and growing awareness surrounding them.
Herkunft: wwd - 🏆 24. / 68 Weiterlesen »