Forex
globalreutersJuly 8, 20241 Mins read
S&P 500 – Oppenheimer raised its year-end target to 5900, from 5500 previously
globalreutersJuly 8, 20241 Mins read 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 higher
- Morgan 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.
Related Articles
Goldman Sachs sees Brent price upside risks in short term, medium-term skewed to downside
Goldman Sachs: Sees upside risks to Brent prices in short term, with...
NZD has a quick drop
The Reserve Bank of New Zealand embarked on its rate cutting cycle...
PBOC says will prevent ‘one sided’ expectations on yuan
People's Bank of China official says:We will prevent the formation of one-sided...
RBA first cut forecasts from Australia’s 4 biggest banks
Westpac revised their first cut forecast to May from February:Westpac revise its...
Leave a comment