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S&P 500 – Oppenheimer raised its year-end target to 5900, from 5500 previously

Equity researchers Oppenheimer:

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.

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