ubs global wealth management said it raised its sp 500 targets on the back of strong quarterly results for us corporations and a likely easymoney posture from the federal reserve solid economic and corporate profit growth in conjunction with a stillaccommodative fed means that the environment for stocks remains favorable wrote david lefkowitz head of equities americas at ubs global wealth management in a monday research note the wealth management unit has raised its targets for the sp 500 spx 2021 to 4600 from 4500 and has initiated a target of 5000 for the broadmarket index for the end of 2022 after raising its secondhalf forecast for that year to 4800 from 4650 the upgrade comes as the sp 500 carved out an intraday record on monday up more than 1 to 448988 meanwhile the nasdaq composite index comp was surging 16 at around 14944 at last check after logging its own intraday record at 1495188 the dow jones industrial average djia was trading 07 higher at 35378