Tuesday, May 1, 2007

Sell Turkish Stocks on Political Outlook, Citigroup Strategists Say

(Bloomberg) -- Investors should sell Turkish stocks because political instability in the country is likely to trigger further losses after yesterday's plunge, according to Citigroup Inc. strategists.

Andrew Howell and Geoffrey Dennis, New York-based strategists at the world's largest bank, cut their recommendation on Turkey to ``underweight'' from ``overweight'' within emerging markets in Europe, Middle East and Africa.


Read more at Bloomberg Stocks News

No comments: