BAML Raises S&P 500 Target To 1,750
Bank of America Merrill Lynch (BAML) has increased its S&P 500 (INDEXSP:.INX) 2013 end of year target from 1600 to 1750 in light of expected earnings growth for the rest of this year, they announced in a recent report. Falling ERP (equity risk premium) and some changes in the way the company predicts growth also factor into the change.
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