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RBC lifts year-end S&P 500 forecast as AI sectors fuel rally
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RBC lifts year-end S&P 500 forecast as AI sectors fuel rally
RBC Capital Markets raised its year-end target for the S&P 500 on Friday, citing resilient earnings growth and continued strength in artificial intelligence-linked sectors.The Canadian brokerage increased its target for the benchmark index to 7,900 from 7,750. The revised forecast implies a 7.7% upside from Thursday’s closing level of 7,335.66.The move comes as US equities continue to rally to record highs, supported by investor enthusiasm surro…
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