BofA’s Subramanian Takes ‘Flak’ for Street-Low S&P 500 Call

Savita Subramanian, head of US equity and quantitative strategy at Bank of America, issued an S&P 500 price target that was lower than consensus among major Wall Street firms. Subramanian's forecast drew criticism from other market analysts and investors who disagreed with the bearish outlook. Bank of America did not immediately provide additional details about the specific target or timeline for the projection.

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