Group 1 - UBS has raised its year-end target for the S&P 500 index from 6200 to 6600 points, indicating a potential upside of 3.6% from the latest closing price of 6370.17 points [1] - The upward revision follows a previous increase from 6000 to 6200 points made in late June [1] - Major brokerages, including Citigroup and HSBC, have also raised their targets for the index recently [1] Group 2 - UBS has increased its annual earnings per share (EPS) forecast for the S&P 500 from $265 to $270, and the mid-2026 index target from 6500 to 6600 points, with EPS expectations rising from $285 to $290 [2] - Investors are closely watching Federal Reserve Chairman Jerome Powell's upcoming speech at the Jackson Hole Global Central Bank Conference for insights on interest rate direction [2] Group 3 - As of August 15, 80.2% of the 459 S&P 500 companies that reported quarterly earnings exceeded analyst expectations, reflecting strong corporate profitability driven by the AI boom [1] - UBS strategists maintain a "neutral" rating on the U.S. stock market, citing that the market may have fully priced in optimistic expectations regarding trade progress and lacks short-term catalysts, with valuations at high levels [1]
瑞银两个月内二度上调标普500年终目标至6600点 押注盈利韧性与降息预期