Credit Suisse thinks this year's market run has more to go, raising its S & P 500 forecast to the highest on Wall Street.
Jonathan Golub, the bank's head of U.S. equity strategy, hiked his S & P 500 year-end target to 4,700 from 4,050.
Stocks have been on a surprising tear in 2023, with the S & P 500 climbing about 18% despite concerns over inflation, rising interest rates and a potential U.S. economic recession.
The run has left many Wall Street strategists flat-footed.
The next highest target on the Street besides Golub is CFRA at 4,575.
Persons:
Jonathan Golub, Golub, Stocks, Michael Bloom
Organizations:
Suisse
Locations:
Monday's, Golub, CFRA, China