CFRA's Chief Market Strategist Lifts Price Target for US Stocks on Better Earnings, Sees Two Fed Rate Cuts This Year
Zhang Yangyang | Wang Jing | Zhao Wei
DATE:  May 22 2024

(Yicai) May 22 --"Improved corporate earnings led to an increase in my target price for US stocks, and the Federal Reserve is expected to cut interest rates twice this year," said CFRA's Chief Market Strategist Sam Stovall. Earlier this month, he raised the year-end target for the S&P 500 index to 5610 points, one of the highest forecasts on Wall Street.

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Keywords:   Federal Reserve,S&P 500 index,CFRA,Sam Stovall