Yellen says global economy remains resilient, lauds US as growth driver

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Go back to Yellen says global economy remains resilient, lauds US as growth driver

Barclays raises S&P 500 price target as US economy continues to defy headwinds

February 27, 2024 7:24 AM EST

Analysts at Barclays have raised their price target for the S&P 500 in 2024 as the US economy continues to defy rate headwinds.

The bank revealed it now sees the S&P 500 reaching 5300 in 2024, up from its previous estimate of 4800. The new target is based on its recent sum-of-the-parts valuation framework.

"This reflects our view that inflation will continue to normalize while the economy... More