ICYMI, via a Goldman Sachs note on Friday, the firm raised its targets for the US benchmark S&P 500 index:
6000 by end 2024 (their prior forecast was 5600)6300 within 12 months (prior 6000)add that these targets may be ‘too low’
GS cite:
“our economists’ forecast for U.S. GDP growth is above consensus”higher margin growth steady macroeconomic outlook through next year, “remains conducive to modest margin expansion”2024 EPS estimate unchanged at $2412025 EPS estimate to $268 (from $256)expect a recovery in the semiconductor cycle as well as ongoing strength for mega-cap techs
Goldman Sachs like Chinese equities also:
Goldman Sachs upgraded its call on Chinese stocks to overweight
This article was written by Eamonn Sheridan at www.forexlive.com.
