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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
