Goldman Sachs raises 2024 STOXX 600 year-end target to 540, citing improved economic growth and central bank easing.
Goldman Sachs raises its 2024 year-end target for Europe's STOXX 600 index to 540 from 510, citing potential improvement in economic growth and monetary policy easing across central banks. This implies a nearly 6% upside from Friday's close of 509.64. The brokerage expects economic growth to modestly accelerate and central banks to embark on a rate-cutting cycle in June, as their economists anticipate.
March 25, 2024
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