Reported 19 days ago
BMO Capital Markets has raised its S&P 500 target for 2024 to 6,100 from 5,600, citing strong market gains and an optimistic outlook for the fourth quarter. The adjustment follows a recent Federal Reserve decision to start its monetary easing cycle with a half-percentage-point reduction. BMO's chief investment strategist noted that the market's current performance suggests a stronger-than-normal quarter ahead.
Source: YAHOO