There's a new big bull on Wall Street, and he sees the S&P 500 rising above 5,400 by year-end

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Stock Markets,S&P 500 Index,Business News

The CFRA chief investment strategist hiked his year-end target for the equity benchmark to 5,415 from 4,940.

CFRA's Sam Stovall has emerged as one of the biggest bulls on Wall Street, seeing more room for the S & P 500 to run to a double-digit gain this year. The new forecast represents a 4% gain from here and a 13.5% return for the full year. This updated target marks one of the highest on the Street, behind only the 5,500 target from John Stoltzfus at Oppenheimer.

Wells Fargo's Chris Harvey says 'I don't feel bullish' — a day after hiking S&P year-end target to highest on Street

 

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