US-based analyst sees year end S&P 500 as high as 4850

[ad_1] A beefed up equity market forecast via a note from Jefferies Group, a US investment bank/financial services company headquartered in New York City. In summary, the equity researchers boosted their year-end target for the benchmark index, citing easing inflation, positive economic surprises and fading earnings downgrades: Our new base case for the S&P 500