HSBC Lifts SP 500 Target to 8,100
HSBC increased its year-end target for the S&P 500 to 8,100 from 7,650. The bank cited robust corporate earnings and sustained artificial intelligence infrastructure spending as key drivers for the benchmark index rally.
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HSBC HOLDINGS PLC-SPONS ADR raised its year-end target for the S&P 500 to 8,100 from 7,650 on Tuesday morning, pointing to robust corporate earnings. The revised target implies a 4.9% upside from the index's previous close.
