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BofA strategist boosts S&P 500 target to 4,600

Year-end gain would be around 3.5% from Tuesday close.

Bank of America Corp.’s Savita Subramanian is the latest Wall Street strategist to boost her target for the S&P 500 after the sharp rally in 2023 left forecasts in the dust.

The strategist now expects the benchmark to end the year at 4,600 points versus her earlier target of 4,300 — imply

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