Strategists Continue to Lower Year-End S&P 500 Price Targets

Below we have updated our table of strategist price targets for the S&P 500 at the end of 2009.  UBS, Goldman Sachs, Credit Suisse, HSBC, and Barclays have all already lowered their year-end S&P 500 price targets.  Bank of America actually recently increased their price target from 975 to 1,030.  The average year-end S&P 500 price target is currently 956.5, which equates to a gain of just over 20% from the index's current level.  At the start of the year, the average year-end price target was 1,050.

Comments

[jack]

These bank reps are crazy. Commericial real estate is in a deep decline, which will cause a decline in insurance companies. The only people in the markets, who will make money are the shorters and maybe investors going long on gold.

[jonas souza de fraga]

Contrarians take note: Wall Street's average end of year price target is 956.5. This is around 20% higher that where we are today.

In other words, big firms like Goldman Sachs, UBS, and Credit Suisse expect stocks to soar in the next nine months. If you're feeling bullish, then you're smack dab in the middle of the crowd.

[sikiş izle]

thanks adminAre you really cool,realy very good blog