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Markets & Stocks
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Goldman's Cohen cuts price targets
Equity strategist drops S&P 500 target to 1,150 from 1,300 and Dow target to 10,800 from 11,300.
October 9, 2002: 8:32 AM EDT

NEW YORK (CNN/Money) - Goldman Sachs equity strategist Abby Joseph Cohen lowered her price targets Wednesday for the S&P 500 index and Dow Jones industrial average, citing investor aversion to risk.

Cohen cut her S&P 500 price target to 1,150 from 1,300 and the Dow Jones industrials price target to 10,800 from 11,300. She added that the targets are not timing devices, but have an approximate 12 to 18 month time frame.

Cohen added that stocks are undervalued, but investor aversion to risk remains high.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.