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Wells Fargo lifts S&P 500 end-2026 target to 7,950 on stronger earnings outlook

Wells Fargo raised its end-2026 target for the S&P 500 to 7,950, implying 5.2% upside from current levels. The bank cited higher profit expectations, lifting its 2026 EPS forecast to $340 from $315. It also pointed to reduced geopolitical risk following a U.S.-Iran interim deal. Wells Fargo said cyclical stocks and semiconductors look particularly attractive.
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