UBS has raised its year-end target for the S&P 500 index to 5,600 points, marking the highest forecast among major brokerages. This new target, up from their previous forecast of 5,400, aligns UBS with BMO's target. The revision is attributed to stronger earnings growth and a reduction in recession risks. UBS Strategist Jonathan Golub made the announcement on Tuesday, revising his earlier forecast from February. UBS predicts the S&P 500 will climb another 6% by year-end.
Earnings growth .. (UBS) https://t.co/ijLl43JfJS
'UBS’ Strategist Jonathan Golub, on Tuesday, said he expects the S&P 500 to hit 5600 by December, revising his earlier forecast of 5400 made in February.' #value_add https://t.co/pbFIqR9Ssh
UBS: CTA equity exposure is back at all-time high UBS explains that over the past two weeks, CTAs have significantly bought US equities, leading to a peak in exposure. The bank anticipates ~$20 to $25 billion in profit-taking... In commodities, UBS's research reveals that CTAs… https://t.co/Anx4NW1Vy4
UBS leapfrogs UBS with new S&P 500 price target https://t.co/pAAHRAp6oF
The S&P 500 will climb another 6% by year-end as recession risk subsides, UBS says https://t.co/64AWnxWrQe
UBS raises S&P 500 target to Street-high 5,600 on stronger earnings growth https://t.co/HqMNxV867K
UBS lifts S&P 500’s year-end target to Street high of 5,600 https://t.co/wnNOghsnh7
UBS lifts S&P 500's year-end target to Street high of 5,600 https://t.co/jGgDABEc66 https://t.co/EifAUFkmCL
🔵 UBS LIFTS S(and)P 500'S YEAR-END TARGET TO STREET HIGH OF 5,600 Full Story → https://t.co/IoXW29YtXx UBS Global Research raised its year-end target for the benchmark S(and)P 500 index to 5,600 points on Tuesday, marking the highest forecast among major brokerages. https://t.co/9Qnk9vjufm
UBS raise year-end S&P forecast from 5,400 to a joint street high at 5,600, joining BMO at that target