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One of Wall Street’s Last Stock Bears Goes Completely Bullish
“The U.S. equity market’s torrid start to the year has converted one of its last doubters. Wells Fargo’s head of equity strategy Christopher Harvey hiked his year-end price target for the S&P 500 Index to 3,088 from 2,665, an upside of nearly 5 percent from where the benchmark gauge closed on Monday. It’s the second-highest call among strategists surveyed by Bloomberg, trailing Deutsche Bank’s Binky Chadha at 3,250 and well above the median estimate of 2,950.”
