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US-based analyst sees year end S&P 500 as high as 4850

A beefed up equity market forecast via a note from Jefferies Group, a US investment bank/financial services company headquartered in New York City.In summary, the equity researchers boosted their year-end target for the benchmark index, citing easing inflation, positive economic surprises and fading earnings downgrades:Our new base case for the S&P 500 year-end target is 4500 (previously 4050)Our bull case of 4850 (previously 4650) assumes FY24 EPS witness almost no cuts and PE of c.20x. ... bea... Read More

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Posted: Aug 15 2023, 21:29

Author Name: forexlive

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