UBS raises S&P 500 worth goal amid rising economic system, robust earnings
Merchants on the New York Inventory Trade.
Even with the inventory market hitting a succession of recent highs, there’s nonetheless loads of room to run, in line with a brand new forecast from UBS.
On the core of the agency’s optimism is a perception that surging earnings coupled with low inflation and largely business-friendly coverage will information the market increased.
“Whereas investing at all-time highs could also be daunting for some, we consider there may be extra upside forward,” UBS analysts mentioned in a be aware to shoppers.
“Following two rounds of stimulus deployed within the quarter and the continued vaccination effort, there may be rising proof that U.S. financial exercise is choosing up. The most recent jobs information, enterprise sentiment readings, and retail gross sales all level to a powerful restoration,” they mentioned.
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