S&P 500 Hits Fresh High Into Close, Up 0.38%
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- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Stock action shows confidence in central banks: BofA’s Hartnett
- Oil prices slide about 2% as US, Iran explore path out of war
- Why stocks held up despite rising yields and $100 oil? These 2 words explain it
- Barclays asks if equity markets are nearing the boiling point
- White House blocks CNN from Air Force One trip, Washington Post reports
- Merck and Daiichi Sankyo withdraw lung cancer drug application
- Exclusive-SK Hynix's Solidigm weighs IPO that could value the unit at up to $150 billion, sources say
- Fox Factory sells Marucci Sports for $225M, cuts debt
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
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
