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'
