S&P 500 - Oppenheimer raised its year-end target to 5900, from 5500 previously

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S&P 500 - Oppenheimer raised its year-end target to 5900, from 5500 previously

Equity researchers Oppenheimer:

• We
  are increasing our year-end target price for the S&P 500 to
  $5,900 (from $5,500) and raising our earnings projection to $255 from
  $250 for the S&P 500 in 2024.
• Our upwardly-adjusted price target
  and earnings projection assume a higher P/E multiple of 23.1x up from
  22x with our earlier target

Earlier re the S&P 500:

• US stocks - Q2 earnings season about to kick off - UBS looking for solidly higher
• Morgan Stanley's Wilson says a 10% fall in S&P 500 by US election is 'highly likely'

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: S&P 500 - Oppenheimer raised its year-end target to 5900, from 5500 previously

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