RBC raises 12-month S&P 500 target to 8,150 on earnings optimism

S&P 500 index

S&P 500 index

SPX

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June 29 (Reuters) - RBC Capital Markets has raised its 12-month target for the S&P 500 .SPX index to 8,150 from 7,900 on Monday, citing that earnings strength and a supportive macro backdrop will drive further gains in U.S. stocks.

The new target implies a roughly 10.8% upside from the close of 7,353.95 points on Friday.


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