NEW YORK, June 24 (Reuters) - Merrill Lynch on Monday said it has downgraded the small-capitalization consumer cyclical sector to "underweight" from "neutral," citing the sharp pickup in earnings expectations and rising valuations.
NEW YORK, June 24 (Reuters) - Merrill Lynch on Monday said it has downgraded the small-capitalization consumer cyclical sector to "underweight" from "neutral," citing the sharp pickup in earnings expectations and rising valuations.