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The benchmark S&P 500 index is up 20% year-to-date, and JPMorgan says it will climb a bit further before the end of the year. In a note on Wednesday, JPMorgan’s Head of U.S. Equity Strategy Dubravko Lakos raised his year-end price target on SPX to 4,700 that represents an about 5.0% upside from here.
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