Strategist Price Targets for the S&P 500

Below we highlight the most recent 2008 price targets on the S&P 500 from strategists polled by Bloomberg.  So far, six of the fifteen strategists have lowered their year-end price targets since the start of the year.  Citi has lowered their target the most at -7.46%.  At the start of the year, Citi was looking for a year-end price target on the S&P 500 of 1,675.  Their current forecast is 1,550.  HSBC, Credit Suisse, B of A, UBS and Morgan Stanley have also lowered their price targets.  Merrill has actually raised their price target on the S&P 500 from 1,525 at the start of '08 to 1,550 at the moment.  Their price target is a 12-month forecast however. 

Overall, the average strategist is looking for a gain of 18.39% by the end of 2008 from current levels.  At the start of the year, they were looking for 11.12%.

   

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Comments

[kio]

I am not in the pool and do not change my target value for SP 500 in December 2008 -
1770

also presented in
http://futuresboard.com/?ab=board&forum=1&board=2&thread=3616
Also, in November 2008,the level will be 1820.

Because of data quality, I reserve +-3% accuracy.
The closest point is the end on January with a prediction of 1500. Same accuracy is claimed.