US stocks: JP Morgan raises S&P 500 year-end target to 7,800, joins bullish trend

JP Morgan raised its S&P 500 year-end target to 7,800, about 6% above the last close of 7,365.46, joining at least seven other brokerages that lifted targets this month. The bank also raised its 2026 EPS forecast to $350 and projected $390 for 2027, citing strong back-to-back earnings. BCA Research separately lifted its target to 8,100 from 7,700, though both warned of risks from rising equity issuance and tighter monetary policy.