S&P 500 to Climb to 1,350 Next Year, Prudential’s Praveen Says

(Bloomberg) -- U.S. stocks may rally more than the average Wall Street strategist’s forecast in 2010 as economic and earnings growth recover, Prudential International Investments Advisers LLC’s John Praveen said. Praveen, the company’s chief investment strategist, forecasts that the Standard & Poor’s 500 Index may rise to 1,350 next year, representing a gain of 21 percent from yesterday’s close. Stocks in emerging markets and Europe may advance more, climbing about 25 percent next year, he said in a Bloomberg Television interview from Mumbai.

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