S&P Capital IQ Raises S&P 500 Target; Likes These Sectors

S&P Capital IQ’s Investment Policy Committee has boosted its 12-month price target on the S&P 500 (^GSPC) to 1,895 from 1,845, implying 7% upside from the Nov. 6 close. “Our asset allocation remains unchanged, with a recommended overweighting of equities, and a cyclical sector bias....