S&P 500 could rise as high as 4,400 in coming months, says Wall Street strategist who called 2023’s rebound

One of a handful of Wall Street strategists who anticipated this year’s rebound in U.S. stocks is raising his expectations for how high the market might climb during the coming months.

“We are raising our target price for the S&P 500 by 5% from our 4,200 prior midpoint view to 4,400 by 2Q/3Q 2023,” said Barry Bannister, chief equity strategist at Stifel, in a note to clients that was shared with MarketWatch on Monday.

Previously,…