(Bloomberg) -- Abby Joseph Cohen of Goldman Sachs Group Inc. and Edward Keon of Prudential Equity Group LLC raised their year-end forecasts for U.S. stocks, citing prospects for growth in the economy.
Cohen, Goldman's chief investment strategist, expects the Standard & Poor's 500 Index to reach 1600 and the Dow Jones Industrial Average to climb to 14,000. The S&P 500 closed on May 4 at 1505.62, the highest since September 2000. Cohen's new estimate implies a 6.3 percent advance from the current level.
Read more at Bloomberg Stocks News
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