UBS UP TO 8100 POINTS ON THE STANDARD 500 TARGET, WITH AN EXPECTED PROFIT REBOUND UNDERESTIMATED

UBS RAISED THE END-OF-YEAR TARGET FROM 7,500 POINTS TO 8100 POINTS, ARGUING THAT A MORE PROFITABLE BUSINESS OUTLOOK SUPPORTS A MORE OPTIMISTIC VIEW OF UNITED STATES EQUITIES. THE TARGET REPRESENTS AN INCREASE OF OVER 8 PER CENT FROM THE CURRENT 7440 POINT LEVEL. THE UBS EXPECTS A PROFIT GROWTH OF MORE THAN 28 PER CENT THIS YEAR FOR THE STANDARD 500, WELL ABOVE THE MARKET CONSENSUS, AND SEMICONDUCTOR COMPANIES WILL BE THE MAIN DRIVERS. UBS ALSO NOTED THAT THE GROWTH OF CAPITAL EXPENDITURE AND DEMAND WENT BEYOND THE SCIENCE AND TECHNOLOGY INDUSTRY, ARGUING THAT THE WIDESPREAD PROFITABILITY OF TECHNOLOGY COULD OFFSET CONTINUING GEOPOLITICAL AND MACROECONOMIC RISKS。