BMO raises S&P 500 target to 7,850: Strong earnings support bull market logic, inflation may become the biggest variable in 2026
```
Better-than-expected profits provide upward momentum, but inflation risks are expected to emerge this fall.
BMO Capital Markets on Thursday raised its year-end 2026 target for the S&P 500 index to 7,850 points, implying about 8% upside from Wednesday’s closing price of 7,266.99 points. The