Even after the recent S&P 500 rally, Deutsche Bank still thinks the index has further upside ahead of it.
- Market Not Rewarding S&P 500 Companies For EPS Beats
- Smallest Cuts to EPS Estimates for S&P 500 Companies since 2014
- Fewer S&P 500 Companies Mentioning Election in 2016 vs 2012
In a research note published at the end of last week, Deutsche’s market strategist David Bianco writes that he believes the index has room to run to 2,200 after Trump’s election by the end of the year. Further upside is expected for 2017 with a target of 2,350 set.
Specifically, Bianco and team write: