UBS has revised its year-end target for the S&P 500 index to 5,850 points, up from the previous estimate of 5,600. This adjustment is based on expectations of strong economic and profit growth, as well as the Federal Reserve's easing cycle and a supportive economic environment.
The updated forecast reflects UBS's confidence in the market's resilience and potential for further gains, driven by favorable economic conditions. Investors will be closely monitoring these developments as they assess the outlook for the remainder of the year.