This morning, Bank of America/Merrill Lynch raised its end of the year S&P 500 index target to 1,300 from 1,275. Yesterday, Credit Suisse raised its index target over 12% from 1,125 to 1,270. These changes lift the consensus target on the S&P 500 to 1,255, or a 3.7% gain. With the recent performance of the S&P 500, three major firms' targets are below yesterday's close.
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