Year-End Consensus S&P 500 Price Target Drops to 1,205

A number of Wall Street strategists have recently lowered their year-end S&P 500 price targets in Bloomberg's weekly survey.  This has caused the average target to drop to 1,205, which is 20 points below where it started the year.  Five of the twelve strategists have now lowered their targets after raising them earlier in the year.  At 1,205, the consensus is still looking for a gain of 9.47% from current S&P levels to the end of 2010.  Have a look below at all the changes that have been made to the target throughout the year.  It's bad enough to try to predict where the market will be a year from now, and now they have to go changing them all the time?

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