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Oppenheimer raises S&P 500 index target, expecting a 20% rise in the third year.
Oppenheimer Asset Management predicts that progress in trade negotiations will lead to a 20% pump in the S&P 500 Index for the third consecutive year, raising the year-end target to 7100 points. Morgan Stanley strategists also reiterated bullish reasons, with the earnings expectations for index constituents in 2025 raised to $275 per share.