Credit Suisse turns neutral on IT sector, underweight on healthcare
Credit Suisse has turned neutral on the IT sector, and reduced recommendation on the healthcare sector to underweight. The relative price-to-earnings in the IT sector is now the highest since 2013 and gains will be growth-dependent from here, said Credit Suisse. The financial services company has reiterated strong overweight on banks. “Post a 37% bounce, … Read more