Market Extra
Wall Street investment banks, brokers and research firms have revised upwards their estimates for 2023 in the past two month
Oppenheimer’s Stoltzfus raises the S&P 500 year-end target to 4,900
Angela Weiss/Agence France-Presse/Getty Images
Despite the U.S. stock-market rally this year bolstered by the euphoria around artificial intelligence and hopes that the U.S. economy can avoid a recession as inflation falls, stock prices have been anything but simple to predict this year, a challenge exemplified recently by some of the Wall Street’s most prominent analysts.
Oppenheimer Asset Management analysts on Tuesday projected the S&P 500 index SPX would rise above its record high by the end of 2023, lifting their year-end price target for the large-cap index to…