Goldman Sachs raised its year-end target for the benchmark S&P 500 to 5,200, reflecting roughly a 4% upside from current levels, citing an improved earnings outlook for the index companies.
The brokerage had previously projected the index to end 2024 at 5,100, before raising the forecast from 4,700 in Dece
mber, on cooling inflation and expectations of the U.S. central bank easing rates in the year.
mber, on cooling inflation and expectations of the U.S. central bank easing rates in the year.
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