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Deutsche Bank stands by its call for a 30% return in 2019

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Deutsche Bank is standing by its call for a 30% return on the S&P 500 this year, despite increasing global fears over the escalating U.S.-China trade dispute.

Binky Chadha — head of asset allocation and chief equity strategist at the firm — told CNBC on Tuesday he is keeping the S&P target at 3,250, which is the highest among major Wall Street firms.

If the S&P were to hit 3,250 by the end of the year, that would represent a 29.7% increase from the index’s 2,506…



Source cnbc.com

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