UBS has raised its S&P 500 target to 5,400, citing demand-driven inflation as a positive factor for stocks. What Happened: UBS has increased its S&P 500 target to 5,400, the most bullish forecast yet, representing a 9% increase from current levels, reported Business Insider. Despite the recent stock market downturn triggered by higher-than-expected inflation, UBS analysts view this as a positive sign for equities, especially since it is driven by robust consumer demand. “Higher inflation tends to be a positive for stock prices,” said analysts led by Jonathan Golub. “While the market sold off o…
