Citigroup Raises S&P 500 Forecast Thanks to Strong Earnings, Tax Bill Benefits
U.S. STOCK MARKET, AUG 11 – Citigroup and UBS raised S&P 500 targets citing strong Q2 earnings with 82% of companies beating estimates and new trade deals boosting market outlook.
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The cards are on the table and Citigroup has decided to play big: according to the original report, they have raised their S&P 500 index target by the end of the year to 6,600, a remarkable increase from the previous target of 6,300. This adjustment is not a mere whim; it is a decision backed by concrete facts around the corporate world.Citigroup's confidence is firmly placed in the solidity of corporate profits. These are not profits from chanc…
Wall Street specialists explained why stocks could rise despite uncertainty over the global trade war.
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