Equity strategists at Bank of America Merrill Lynch raised their year-end price target on the S&P 500 to 3,000 from 2,800.
"We are watching for signs to temper our enthusiasm on the S&P 500," they said in a note. Still, they noted that the year right before a market peak is usually one of the most profitable.
They see evidence that investors aren't getting ready to exit the stock market just yet.
Bank of America Merrill Lynch just got even more optimistic on the stock market, but is...
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