S&P 500 Trades Near High, Up 0.28%
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- S&P 500 and Nasdaq set to open higher as CPI, bank earnings take focus; IBM tumbles
- IBM plunges 19% as memory capex squeeze derails Q2 earnings
- SK Hynix’s record plunge drags down global chip stocks
- Software stocks tumble: High memory prices cannibalize enterprise tech capex
- Oil up 9% to one-month high as US says it will blockade entire Iranian coastline, all vessels
- IBM misses Q2 targets as mainframe and software sales disappoint
- Goldman Sachs Upgrades NIO (NIO) to Buy
- BofA Securities on AppLovin: 'Current valuation appears reasonable'
- Wall Street ends lower as Iran tensions dampen risk appetite; chipmakers drop
- YPF Energía Eléctrica S.A. files for proposed NYSE IPO
Credit Suisse Raises 2020 S&P 500 Target to 3,600 from 3,425 on Increased Expected EPS
January 21, 2020 10:16 AM ESTCredit Suisse analysts comments "We are raising our 2020 S&P 500 target to 3600 from 3425, representing 8.1% upside from current levels. This is based on EPS of $175 in 2020 (raised from $173), and $184 in 2021 (raised from $181). We project forward multiples to expand to 19.6x by year-end 2020 from 18.9x currently. We project forward multiples to... More
