"UBS and RBC Raise S&P 500 Targets Despite Market Volatility"
TL;DR Summary
UBS has increased its S&P 500 price targets, citing confidence in the Federal Reserve's ability to engineer a soft landing for the economy. With strong economic data and signs of cooling in the labor market, UBS now anticipates four Fed rate cuts in 2024 and has raised its June and December S&P 500 price targets to 4,900 and 5,000, respectively. Despite expecting a period of consolidation for stocks, analysts believe there may be more attractive entry points to add exposure to equities.
- With a greater confidence in soft landing, UBS boosts S&P 500 price targets By Investing.com Investing.com
- UBS joins Wall Street strategists calling for new S&P 500 record in 2024 MarketWatch
- RBC raises year-end target for S&P 500 despite rocky start Yahoo Finance
- RBC raises 2024 S&P 500 target despite the pullback to start the year CNBC
- Stock Market Outlook: S&P 500 Record High Would Suggest Double-Digit Gains Markets Insider
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