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Morgan Stanley's Mike Wilson is done calling for US stocks to fall off a cliff.
After sitting one of the lowest S&P 500 (^GSPC) year-end targets for the past year, Morgan Stanley's chief investment officer changed his tune in a note to clients on Sunday.
Wilson now sees the S&P 500 hitting 5,400 in the next 12 months, up from his prior call that the index would fall to 4,500. Wilson's new target reflects about 2% upside in the index over the next 12 months, with valuations falling and earnings...
>>> Read more: Wall Street's biggest bear flips, raises S&P 500 price target by 20%
After sitting one of the lowest S&P 500 (^GSPC) year-end targets for the past year, Morgan Stanley's chief investment officer changed his tune in a note to clients on Sunday.
Wilson now sees the S&P 500 hitting 5,400 in the next 12 months, up from his prior call that the index would fall to 4,500. Wilson's new target reflects about 2% upside in the index over the next 12 months, with valuations falling and earnings...
>>> Read more: Wall Street's biggest bear flips, raises S&P 500 price target by 20%
