S&P 500 Hits Fresh High Into Close, Up 0.38%
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- S&P 500 ends lower; chips tumble and Moderna rallies
- SpaceX weighs Starlink mobile service to US consumers, FT reports
- U.S. chip stocks retreat after Apple price hikes stoke fears over AI trade
- Morgan Stanley flags Fed hike risk if unemployment drops below 4%
- UBS trims AI portfolio exposure to semis and hardware after recent rally
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
