BofA Strategist Raises S&P 500 Target to 7,400 Amid Rate Concerns
Source Summary
Bank of America's Savita Subramanian, previously among the most bearish equity strategists, raised her S&P 500 price target to 7,400. Despite the higher target, Subramanian cautioned that the index remains vulnerable to interest-rate risks.
Why it matters
A shift in outlook from a prominent bear signals changing market sentiment and may influence investor positioning in equities.
