UBS: Increasing S&P 500 Target to 5400

We are increasing our 2024 S&P 500 target from 5150 to 5400. This new target represents 7.9% potential upside through year end. We are also increasing our 2024-25 EPS estimates from $235 to $240, and $250 to $255, implying 9.1% and 6.3% growth over the next 2 years (vs. consensus estimates of 10.5% and 13.2%).
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