• RBC boosts its S&P 500 price target by 5%, citing the Fed's continued stimulus efforts

    10 days ago - By Business Insider

    Getty Images / Bryan R. Smith
    The current easy monetary policies of the Federal Reserve should continue to support stocks into year-end, according to a Tuesday note from RBC. The bank raised its 2021 S&P 500 price target by 5% to 4,325, representing potential upside of about 4% from current levels. "We see a little more room for stocks to climb higher this year, but we also continue to expect a pullback or heightened volatility in the market," RBC said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The S&P 500's year-to-date gain of more than 10% could extend...
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