(Reuters) - UBS raised its 2024 target for benchmark European Stoxx 600 to 450 points on Tuesday, from 410 expected earlier, but is still about 6% down from the index's current level.
"We raise our 2024 target to 450 to better reflect the resilience in the macro regime, lower bond yields and lack of offsetting risk premia catalysts," UBS strategists wrote in a note.