Two Strategists Up Their 2009 Price Targets

Each week Bloomberg surveys Wall Street strategists for their year-end S&P 500 price targets. Since we last updated our table highlighting the various price targets a few weeks ago, two firms have upped their year-end numbers. Deutsche Bank's Binky Chadha upped his price target from 900 to 1,060, while Morgan Stanley's Jason Todd upped his from 825 to 900. The average year-end target for the S&P 500 is now 968, which is 5.59% above the index's current level.

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Comments

[RiskReturnO...:]

Narrowing in of target range coincides with lower VIX trading range should draw in more retail investors who have been scared by the volatility and worried about "unlimited" downside. Now, they will feel that 750 is lowest possible downside (under extreme case). Look for aggressive buying if SPY drops below 875/850, as the retail brokers' marketing machines will try to get retail investors on the sidelines to get back in.

Jun 25 04:58 PM