Citi
May 14, 2026
The Point For Europe
Market ReportEquitiesCommoditiesRates CreditIndustrialsConsumer Discretionary
Citi Research provides an update on European equities, commodities, and macro strategy, highlighting target price increases for ThyssenKrupp and British American Tobacco amid geopolitical risks in the Middle East.
Key Takeaways
- 1.ThyssenKrupp AG target price raised to €15 following strong Q2 earnings and multiple upcoming catalysts including a spin-off of Material Services.
- 2.The Strait of Hormuz disruption is a central risk factor, driving Brent prices higher and creating vulnerabilities for specific GCC economies like Qatar and Kuwait.
- 3.Wolters Kluwer's recent share price decline due to AI disruption fears is viewed as an overreaction; internal surveys suggest AI tools are complementary rather than substitutional.
Table of Contents
- Top Call
- Must Read
- Company
- Industry
- Commodities
- Key Rating and Target Price Changes
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Ephrem RaviHarald C Hendrikse
Securities
TKAG.DESTLAM.MIRenaultSAPG.DEWLSNc.AS
Themes
Artificial Intelligence Disruption RiskMiddle East Geopolitical Conflict
Regions
EuropeMiddle EastAsia PacificUnited StatesChinaGermany