Kepler Cheuvreux downgrades CTAC stock to Hold on limited free float
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Treasury Secretary Scott Bessent said the reaction to President Donald Trump’s threat to enact tariffs over Greenland is like the “hysteria” that greeted the president’s earlier tariffs in April.
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Over the weekend, Trump announced plans to slap an additional 10% tariff on all imports from major European countries that have opposed his bid to take over Greenland.
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Consensus expectations for European market EPS growth had been around 10% prior to this weekend. Now Citi thinks 8% more likely but risks are tilted to the downside.