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Monday, 6/29, 03:44 AM
Citi Says Europe's Heat Is an Opening for US Air-Conditioning Makers
- Citi analysts argue that Europe's intensifying heat waves are a multi-year demand opportunity for US air-conditioning and heat-pump makers, on a simple gap: only about a fifth of European homes have air conditioning, versus roughly 90% in the US.
- It's an analyst thesis, not a sure thing — and not advice.