Stifel Strategist Predicts 17% Rally S&P 500 by Year-End
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There’s a new bull at the top of the Wall Street strategist charts.
Stifel Nicolaus & Co.’s Barry B. Bannister just increased his year-end forecast for the Standard & Poor’s 500 Index to 2,300, giving him the highest projection among 19 strategists tracked by Bloomberg. Previously he was tied for the lowest at 1,850. Bannister’s new estimate implies a 17 percent rally by New Year’s Eve to cap a 24 percent gain for the year.