RBC Capital Markets is getting more bullish on stocks as the bank bets on the U.S. economy to get"back on track."
"We continue to believe the U.S. economy will soon climb out of the rough patch that the stock market paid the price for in December," said Lori Calvasina, head of U.S. equity strategy at RBC, in a note."We do not currently see signs of euphoria that would make us cautious short term." The average S&P 500 target from the 17 top Wall Street analysts is 2,950, a CNBC analysis shows. RBC is not alone on Wall Street in dialing up its stock forecast. Credit Suisse this week raised its S&P 500 target for 2019 to 3,025 from 2,925, citing"more favorable" economic trends and"receding" market risks.
Somebody’s long...
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Permabulls You just can't make this Sh-t up
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