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M Stanley Raises S&P 500 Annual TP to 8,000
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M Stanley has raised its annual TP for the S&P 500 from 7,800 to 8,000, reflecting strong corporate earnings. The new target implies a potential upside of 7.5% from Wednesday (13) close of 7,444. The bank expects EPS of S&P 500 constituent companies to reach USD339 this year, representing YoY growth of 23%, driven by efficiency gains and improved pricing power from the widespread adoption of AI. M Stanley said its bullish view on further upside for US equities is based on corporate earnings performance rather than multiple expansion. As recent rate-cut expectations fade, valuations may see slight compression. M Stanley also lifted its mid-next-year target for the S&P 500 to 8,300, and forecast EPS of index constituents at USD380 and USD429 for the following two years, respectively. In addition, the bank raised its mid-next-year target for the MSCI Europe Index from 2,600 to 2,700, reflecting expectations that the Strait of Hormuz will reopen in the coming months, with capital flows resuming expansion and catching up with US equities in investment strategy. (mn/da) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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