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Barclays Raises S&P 500 Forecast to 1,800 for 2013 on Fed Policy

Barclays Plc boosted its estimate for the Standard & Poor’s 500 Index to 1,800, the highest 2013 projection among Wall Street equity strategists, on signs the Federal Reserve will wait to begin reducing economic stimulus.

The new forecast implies a 4.5 percent gain from yesterday’s close of 1,722.34 and exceeds the average strategist projection of 1,706, according to data compiled by Bloomberg. Barry Knapp, the New York-based head of U.S. equity strategy, had previously said the S&P 500 would finish 2013 at 1,600.