Banking giant sets new S&P 500 price target

Banking giant sets new S&P 500 price target

Bank of America has raised its expectations for U.S. equities, signaling further upside for the S&P 500 over the next year based on its closely followed Sell Side Indicator. The bank’s framework suggests the benchmark index could deliver a price gain of about 12% over the coming 12 months, reinforcing a constructive outlook for stocks despite already strong sentiment. A 12% rise for the benchmark index would imply a rally to roughly 7,815 from t…