(Reuters) - Citigroup said on Friday it expected the pan-European benchmark index STOXX 600 to end 2024 at 510 points, around 10.5% above current levels.
"Along with our top-down forecast for 3% EPS growth, this would imply a modest re-rating the Stoxx 600's longer-term average forward PE multiple of 13x," Citigroup economists led by Beata M. Manthey said.