Yardeni, a well-known analyst, raised his target for US stocks, saying the S & P index is expected to rise to 7,000 this year
2025-09-11 19:17:06
Veteran Wall Street strategist Ed Yardeni raised his year-end baseline target for the S & P 500 to 6,800 from the previous 6,600, while giving the benchmark US stock market a 25 per cent chance of a "melt-up" to 7,000 over the period. The new target represents a 4.1 per cent rise from Wednesday's close of 6,532. Yardeni attributed the new target to steady inflation data and expectations of a Federal Reserve rate cut next week.
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