At the start of the year, the average year-end price target for Wall Street strategists was 1,225. The year is only about 6 weeks old, but the average price target has now been upped to 1,232. The two firms that have already raised their year-end price targets are HSBC (1,225 to 1,300) and Bank of Montreal (1,175 to 1,200). The rest of them have kept their price targets the same. 1,232 is a gain of 16.07% from the S&P 500's current level.
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