>>> JPMorgan Raises 2017 S&P500 EPS Est. to $130, Keeps 2,400 Target

JPMorgan Raises 2017 S&P500 EPS Est. to $130, Keeps 2,400 Target
Fundamentals remain supportive, JPMorgan strategists including Dubravko Lakos-Bujas and Marko Kolanovic write in note.
  • 2017 EPS est. for S&P500 raised to $130 vs $128 on better than expected 1Q earnings, guidance
  • If political crisis deepens and elevated volatility
persists, equities could see further weakness in the short-term
  • See limited room for expansion of equity multiples unless there’s further progress on U.S. pro-growth agenda