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Despite the U.S. stock-market rally this year bolstered by the euphoria around artificial intelligence and hopes that the U.S. economy can avoid a recession as inflation falls, stock prices have been anything but simple to predict this year, a challenge exemplified recently by some of the Wall Street’s most prominent analysts.
Bank of America Corp.’s Savita Subramanian is the latest Wall Street strategist to boost her target for the S&P 500 SPX. She projected the benchmark index would rise to 4,600 by the end of 2023, a roughly…
