Reported 7 months ago
Goldman Sachs has increased its year-end target for the S&P 500 Index to 5,600, reflecting optimism on earnings growth and the US economy. This is the third time the target has been raised, with the new target implying a 3% increase from the current level. The upgrade is attributed to mild negative earnings revisions and a higher fair value P/E multiple. The bank's strategists also presented scenarios where the index could see further gains or corrections depending on various factors.
Source: YAHOO