While the S&P 500 had a big downside reversal lower today, it’s still more than 8% ABOVE the average year-end price target that Wall Street strategists placed on the index at the start of 2013. Below is a table highlighting these price targets (collected by Bloomberg), including where they are now and where they were on January 1st. Price targets shaded in green have been increased since the start of the year.
As shown, even with increases from 8 strategists, the average year-end S&P 500 price target is currently at 1,612, which is actually 2.49% below the index’s current level. Only 5 of the 14 strategists are bullish on the index for the remainder of the year, while 9 are bearish. Goldman Sachs has the most bullish year-end target at 1,750, followed by Oppenheimer (1,730), JP Morgan (1,715) and Stifel Nicolaus (1,700). Wells Fargo is the most bearish on the index with a year-end target of just 1,390. This is 15.91% below where the index is currently trading. UBS is the second-most bearish with a target of 1,425, while Barclays is the third-most bearish at 1,525.
Copyright © Bespoke Investment Group
Dec 18, 2014by SIACharts.com For this week’s SIA Equity Leaders Weekly, we are going to look back at the Silver Continuous Contract and also at a Canadian Long-Term Bond ETF to give us some insight on where the strength is within the Canadian Bond Universe. The continued drop and weakness in Crude Oil...
Dec 18, 2014SIA Charts Daily Stock Report (siacharts.com) The SIA Daily Stock Report utilizes a proven strategy of uncovering outperforming and underperforming stocks from our marquee equity reports; the...
Dec 19, 2014by Helen Lamanna, AdvisorAnalyst.com Here are this week’s reading diversions for your personal enligtenment. Have an excellent weekend! 8 Ways to Free Your Mind and Take Back Control of Your...
Dec 12, 2014
Dec 05, 2014
Nov 28, 2014
Nov 21, 2014