Deutsche Bank sees ‘slightly above average year’ ahead with most of the earnings comeback priced in

Deutsche Bank sees ‘slightly above average year’ ahead with most of the earnings comeback priced in



9312 984050 - Deutsche Bank sees 'slightly above average year' ahead with most of the earnings comeback priced in9312 - Deutsche Bank sees 'slightly above average year' ahead with most of the earnings comeback priced in

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Deutsche Bank is calling for a strong earnings comeback in 2021, which should lift the broader market to about an average gain since a lot of this recovery is expected.

The Wall Street firm just released its 2021 year end price target of 3,950, an 8% jump from Thursday’s close. Deutsche Bank also raised its 2020 earnings estimate for the S&P 500 to $141 from $133 per share and its 2021 earnings estimate to $194 from $173 per share.

Deutsche Banks’s 2021 earnings estimate implies earnings growth of 38% next year.


Original news source Credit: www.cnbc.com

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