News Formal

With S&P back at new highs, now come the price target and earnings revisions

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

Markets Berita

Stock Markets,Investment Strategy,Business News

As the market advanced into late March, many Wall Street strategists were already scrambling to raise the full year price targets they'd had as the year began.

Now that the S & P 500 and most major stock market indexes are at or near historic highs, expect a raft of earnings and year-end price target revisions for the S & P 500 to be coming. Why? Because new highs tend to beget new highs. The S & P at a new highs will "open the door to a 5% to 10% advance over the coming three plus months before enduring another 5%+ decline," Sam Stovall from CFRA said in a note to clients Wednesday night.

S & P year-end price targets Cantor Fitzgerald 4,400 Citigroup 5,100 Deutsche Bank 5,100 Evercore ISI 4,750 Fundstrat 5,200 JPMorgan 4,200 Morgan Stanley 4,500 Scotiabank 4,600 Source: Bloomberg Put it all together, and the average strategist has a year-end price target of 5,095, more than 200 points below the 5,308 close from Wednesday. The median price target is 5,200. And that is with all the upward revisions.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 12. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Inflation data commands center stage next week and provides a test for the market rallyThe consumer price index report Wednesday is the most important event on Wall Street next week.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »