> S&P 500 target: 2,200
Citi sees about 7% upside in stocks, despite lowering equities to a Neutral weighting. Citi also warned of an above-average chance that the economy could dip back into a recession. That is not set in stone, but the firm is less positive in equities than in the past.
Credit spreads, an earnings dip, metals and transports, margins and low sentiment were all listed as concerns.
> S&P 500 target: 2,150
The firm sees stocks trading near fair market value for the first time in about five years. It thinks this is a time to trim equity weightings, having previously seen a mid-2016 S&P 500 target of 2,200.
Elsewhere, Credit Suisse sees the MSCI emerging market index offering roughly 15% potential US dollar upside to year-end 2016.
Credit Suisse recommended overweight positions on China, Korea, India, Mexico, Malaysia and Turkey, and the firm sees being underweighted in Brazil, Russia, Thailand, Philippines and Poland.
> S&P 500 target: 2,100
The Goldman target was based on 2.2% average growth in 2016 and 2017, with a P/E ratio of 16.2. What stood out was that the firm thinks earnings can grow close to 10% due to a potential recovery of energy profits. That means caveats.
Here is why Goldman added Apple to its Conviction Buy List in November.
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