BofA boosts S&P 500 year-end target to 5,400 By Reuters

© Reuters. FILE PHOTO: A road signal for Wall Road is seen exterior the New York Inventory Alternate (NYSE) in New York Metropolis, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly//File Photograph

(Reuters) – BofA World Analysis has lifted its year-end goal for the to five,400, from 5,000 earlier, representing an upside of about 5% from present ranges.

The brand new goal displays the shift in composition of the index and margin resilience of corporations regardless of “large swings” in rates of interest and inflation, the Wall-Road brokerage stated in a word dated March 3.