graphic
Markets & Stocks
Cohen ups S&P forecast
May 4, 1999: 10:37 a.m. ET

Wall Street guru raises her price target for S&P 500 to 1385 by spring 2000
graphic
graphic graphic
graphic
NEW YORK (CNNfn) - One of Wall Street's raging bulls, Abby Joseph Cohen, has raised her price target for the S&P 500 index for the spring of 2000.
     In a report published Tuesday, Cohen, of Goldman Sachs & Co., increased her projected price target for the broad S&P 500 stock index to 1385, up from an earlier prediction of 1350 for early 2000.
     The revised estimate was made in the May edition of Goldman Sachs' World Investment Strategy Highlights. No change was made to the investment bank's 1999 year-end price targets.
     On Monday, the S&P 500 gained 19.45 points, or 1.46 percent, to finish at 1,354.63.
     A few weeks ago, Cohen raised her year-end price target on the S&P 500 to 1325 from a range of 1275-1300, and increased her year-end price target on the Dow Jones industrial average to 10,300, up from 9850. Cohen based her upward revision on anticipation of profit expansion, saying she expects the Dow industrials to outperform the S&P 500 in 1999.Back to top

  RELATED STORIES

Stock prices fair: Cohen - April 28, 1999

Cohen expresses optimism - March 18, 1999
  RELATED SITES

Markets on CNNfn

Portfolio manager

Track your stocks

Note: Pages will open in a new browser window
External sites are not endorsed by CNNmoney




graphic

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.
Home | Contact Us | Advertise with Us | Corrections | Career Opportunities | Site Map
RSS | Email Delivery | Portfolio | Podcasts | Mobile | Widgets | User Preferences | Special Sections
| Magazine Customer Service | Download Fortune Lists | Reprints | Conferences | Business Leader Council