JPMorgan lifts S&P 500 year-end target to 8,000

JPMorgan has increased its year-end target for the S&P 500 to 8,000, up from a prior 7,800, according to a note reported Monday. The revision from Wall Street's largest bank by assets adds to a run of upward adjustments to index forecasts. The change lands alongside sell-side commentary arguing that earnings growth is broadening beyond the largest index constituents. Morgan Stanley published a screen of preferred names on that theme, while William Blair cited a still-tight labour market in its outlook for staffing stocks.