Dow Jones, Nasdaq, S&P 500 weekly preview: Citi boosts SPX target
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- Wall St set to gain on tech rebound, Middle East in focus
- Oracle results beat estimates, but shares fall on plans for $40 billion raise
- Oil rises as Trump repeats Iran attack threat
- Intel rallies as BofA double-upgrades stock on increased CPU, foundry visibility
- Oppenheimer sees little strategic case for Tesla-SpaceX merger
- Needham Starts Hyliion Holdings (HYLN) at Buy
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
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- Alibaba falls on China AI capex report; Citi says selloff is premature
- Crude Inventory Fell 7.2 Million Barrels Last Week, Says EIA
Apple (AAPL) PT Raised to $235 at JPMorgan Ahead of Earnings, 'able to drive resilience in revenue and earnings in FY23'
August 1, 2023 4:07 PM EDTJPMorgan analyst Samik Chatterjee raised the price target on Apple (NASDAQ: AAPL) to $235.00 (from $190.00) while maintaining a Overweight rating.
The analyst comments "We are establishing a December 2024 price target of $235 relative to December 2023 price target of $190 as investors start to pivot to looking beyond CY23 and we see Apple well positioned to drive higher confidence from the... More
Citi hikes S&P 500 price target: This is when it expects it to hit 5000
July 31, 2023 6:26 AM EDTCiti equity strategist Scott Chronert hiked the brokers year-end price target on the S&P 500 to 4600 (from 4500) as the U.S. equity market cleared near-term hurdles. This reflects the raised 2023 S&P 500 EPS projection ($220 vs $215 previously).
Our new S&P 500 targets reflect a higher soft landing and lower... More
