By Sarah Jones
Sept. 24 (Bloomberg) -- Morgan Stanley strategist Jason Todd said he now estimates that fair value for the Standard & Poor’s 500 Index by year end is 1,050, 1 percent below yesterday’s close.
Todd previously forecast the U.S. benchmark index would end the year at 900. He also raised his earnings forecast for the gauge by 7.8 percent to $55 for 2009 and by 13 percent to $70 for 2010, in a note dated today.
Posts
No comments:
Post a Comment