Gronghui, May 20 | Deutsche Bank raised the target price of the S&P 500 index to 5,500 points at the end of 2024, the highest level among major Wall Street brokerage firms. The bank believes that strong corporate profits will support stock market valuations. Deutsche Bank previously predicted that the S&P 500 index would close at 5,100 points in 2024. The new target is about 4% higher than last Friday's closing price of 5303.27. Additionally, Deutsche Bank strategists raised the earnings per share (EPS) forecast for S&P 500 companies from $250 to $258. If economic growth remains above trend levels, they expect earnings per share to rise to $271 in 2024.
德银：将标普500指数年底目标价上调至5500点
Deutsche Bank: Raise the target price of the S&P 500 index to 5,500 points at the end of the year
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