Strategist Price Targets of the S&P 500 (5/20/08)

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 |  Includes: IVV, SPY
by: Bespoke Investment Group

Below we highlight the updated S&P 500 price targets of equity strategists surveyed by Bloomberg. After weeks and weeks of analysts lowering price targets, a firm finally upped its price target earlier this month. Merrill Lynch recently raised its 12-month price target for the S&P 500 from 1,430 to 1,500.

The average price target of all analysts surveyed is now 1,519, which is 6.49% above the current level of the S&P 500. At the start of the year, the average price target was 11.12% above the S&P 500.