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DAVID BIANCO: Get Ready For The S&P 500 To Hit 2,000


Deutsche Bank’s David Bianco just unveiled its targets for the S&P 500 through 2015, joining peers David Kostin of Goldman Sachs and Andrew Garthwaite of Credit Suisse who also recently published their long-term targets on the S&P 500.

 

“We introduce a 2014 end target of 1850 and a 2015 end target of 2000 as the S&P PE climbs from about 15x today to 16x or higher,” wrote Bianco in a new note to clients.

That may sound bullish, but those numbers are actually relatively cautious.  Garthwaite sees the S&P at 1,900 by the end of next year. Kostin sees it at 2,100 by the end of 2015.

Indeed, Bianco’s short-term, tactical forecast calls for the S&P to fall 5%.

Read more: http://www.businessinsider.com/deutsche-bank-sp-500-target-of-2000-2013-6#ixzz2WHVSnhtr

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