UBS Raises S&P 500 Target to Street-high 5,600 on Stronger Earnings Growth

Tuesday, 28 May 2024, 11:01

UBS has set a new record target for the S&P 500 at 5,600, citing robust earnings growth. This move comes as a result of the optimistic outlook of UBS strategist Jonathan Golub and BMO's Brian Belski, who are among the most bullish voices on Wall Street. The higher target indicates confidence in the potential of the market to continue its upward trajectory fueled by strong corporate performance.

https://store.livarava.com/264f7e13-1ce2-11ef-a3db-9d5fa15a64d8.jpg — UBS Raises S&P 500 Target to Street-high 5,600 on Stronger Earnings Growth

UBS Raises S&P 500 Target

UBS has significantly raised its target for the S&P 500 to a record-high 5,600, reflecting the optimism regarding the market's performance.

Bullish Outlook

Jonathan Golub from UBS and Brian Belski from BMO are among the leading analysts with a positive view on the market.

Their increased target is a testament to the growing confidence in the strength of earnings growth.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

UBS Raises S&P 500 Target

Bullish Outlook

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