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STAT OF THE DAY: 93% OF ANALYSTS EXPECT S&P TO RALLY HIGHER

STAT OF THE DAY: 93% OF ANALYSTS EXPECT S&P TO RALLY HIGHER

Courtesy of The Pragmatic Capitalist

As if sentiment wasn’t already starting to get a bit too bullish!  The latest compilation of analyst estimates and year-end targets is now calling for substantially higher earnings and equity prices.  Of the 13 major banks, JUST ONE (Andrew Garthwaite of Credit Suisse) is calling for the S&P 500 to finish the year below the current level.  We’ve covered Garthwaite’s full year outlook and it’s very much in-line with our own – a relatively robust first half and a dicey second half.  On the other end of the spectrum is Binky Chadha whose price target sits at 1325.

Firm                 Strategist           2010 Close   2010 EPS
===============================================================
Bank of America      David Bianco           1,275       $75.00
Bank of Montreal     Ben Joyce              1,225       $74.50
Barclays             Barry Knapp            1,210       $71.00
Citigroup            Tobias Levkovich       1,175       $76.50
Credit Suisse        Andrew Garthwaite      1,125       $77.00
Deutsche Bank        Binky Chadha           1,325       $80.80
Goldman Sachs        David Kostin           1,250       $76.00
HSBC                 Garry Evans            1,300
JPMorgan             Thomas Lee             1,300       $81.00
Morgan Stanley       Jason Todd             1,200       $77.00
Oppenheimer          Brian Belski           1,300       $76.00
RBC                  Myles Zyblock          1,225       $76.00
UBS                  Thomas Doerflinger     1,250       $81.00
---------------------------------------------------------------
Mean                                        1,243       $76.82
Median                                      1,250       $76.25
High                                        1,325       $81.00
Low                                         1,125       $71.00
 

Source: Bloomberg 


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