Citi strategist raised the S&P 500 year-end target from the previous 5,100 points to 5,600 points, becoming the third Wall Street company to raise its expectations for the benchmark index since last Friday after Goldman Sachs and Evercore ISI. Citi strategist Scott Chronert wrote in a client report on Monday that continued earnings upgrades and profit growth expanding beyond non-tech stocks prompted the target increase. The latest forecast implies an increase of about 2% from Monday's level. Citi raised its full-year earnings per share forecast from $245 to $250.
花旗将对标普500指数年底目标上调至5,600点 看好科技巨头走强
Citigroup will raise its year-end target for the S&P 500 index to 5,600 points, bullish on the strength of technology giants.
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