Top analyst revamps S&P 500 target for the rest of the year

Wells Fargo just added a new chapter in the stock market’s growth story this year. The bank has lifted its year-end target for the S&P 500 to 7,100, which represents a nearly 5% increase from the index's closing price of 6,846.61 on November 11. That impressive feat would eventually wrap up a year that’s been a steady climb with the S&P up nearly 16% year to date, almost 7% over the last three months, and more than  17% in six months. Wells Fargo believes that retail investors, easier liquidity, and per ...