BAC · News · 20260921N
Inflation and Rate Outlook
BANK OF AMERICA CORP /DE/ · 2026-09-21 · Importance 7 · Surprise 6
Bank of America raised its year-end S&P 500 target to 7,400 and its 12-month target to 7,800. The bank cited stronger earnings and a shift in the artificial-intelligence trade, while upgrading Communication Services to marketweight. It still identified inflation as a source of sell-off risk and preferred hyperscalers over semiconductor stocks, with concerns about off-balance-sheet commitments and private-company IPOs affecting public markets through 2027.