花旗环球研究最受关注研报：工业科技与出行（Citi's Most Read - Industrial Tech & Mobility）

Citi Research's Industrial Tech & Mobility Super-Sector roundup for November 2-8 collects its most impactful recent research across the Autos, Capital Goods and Transportation sectors. Kurita Water Industries closed limit-down for two straight business days following the downward revisions announced after the market close on October 29, leaving the shares down about 35% from the October 29 close; Citi believes the investor reaction is excessive and that the market has already priced in the risk of losses on other US projects (Buy, TP ¥10900.0). Citi downgrades Volvo from Buy to Neutral with a lowered SEK 318 target, as the prior margin upside thesis no longer plays out (Neutral, TP SKr318.00). Eaton reported 3Q26 adjusted EPS of $3.68 above Citi and consensus estimates, with solid Electrical bookings and better-than-expected Aerospace; the initial 2027 outlook is encouraging (Buy, TP US$498.00). Rheinmetall delivered a strong set of Q3 results, though the FY guidance downgrade the prev