Hedge Funds & Alternative Investments
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Citi is bullish on SABIC, UAE's Empower
Citi has upgraded Saudi petrochemicals company SABIC to 'Buy' and raised its target price by 14% to 114 riyals ($30.4). In a note, Citi Research said SABIC offers three attractions: (1) potential to differentiate around underlying growth, with Aramco synergies and oil-to-chemicals expansion the key drivers (2) valuation is attractive…
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