Credit Suisse’s Garthwaite Sees S&P Ending Year at 1,180
Doug Cliggott, the Boston-based U.S. equity strategist, had been included in the survey since September 2010. His year-end forecast for the S&P 500 of 1,100 was the lowest among 12 strategists in the Bloomberg poll. Garthwaite, based in London, projects the measure will end this year at 1,180 and next year at 1,260. It closed at 1,195.54 today. The average estimate in the survey is 1,278.
To contact the reporter on this story: Inyoung Hwang in New York at firstname.lastname@example.org
To contact the editor responsible for this story: Nick Baker at email@example.com