Equity researchers Oppenheimer:
We
are increasing our year-end target price for the S&P 500 to
$5,900 (from $5,500) and raising our earnings projection to $255 from
$250 for the S&P 500 in 2024. Our upwardly-adjusted price target
and earnings projection assume a higher P/E multiple of 23.1x up from
22x with our earlier target
Earlier re the S&P 500:
US stocks – Q2 earnings season about to kick off – UBS looking for solidly higherMorgan Stanley’s Wilson says a 10% fall in S&P 500 by US election is ‘highly likely’
This article was written by Eamonn Sheridan at www.forexlive.com.
