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Bank of America raises 2020 S&P 500 forecast, sets 10-year target of 5,200

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A man walks past the Wall Street Charging Bull in New York, the United States, March 24, 2020.
Wang Ying | Xinhua News Agency | Getty Images

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The low-rate environment, coupled with better-than-feared corporate earnings, prompted Bank of America to boost its 2020 forecast for the S&P 500. The bank also made a long-term bull call on stocks based on valuations.

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