China stocks: Goldman Sachs raised its 12-month CSI 300 Index target to 4,900 from 4,500
Goldman cites:
- supportive valuations
- high single-digit profit growth
- favorable positioning
- uptrend has momentum
- there are some profit-taking pressures
- liquidity factors and valuation expansion—rather than cyclical fundamentals—are driving global equity gains
This article was written by Eamonn Sheridan at investinglive.com.