Wall Street's biggest bear flips, raises S&P 500 price target by 20%
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Morgan Stanley's Mike Wilson, known as Wall Street's biggest bear, has changed his tune and raised his S&P 500 price target to 5,400, reflecting a 2% upside over the next 12 months. Wilson's new target is based on the expectation of rising earnings and falling valuations. He is the third macro strategist to boost their S&P 500 target in the past week. Wilson also outlined a bull case of 6,350 and a bear case of 4,200, depending on the economic outlook. He recommends a barbell approach to investing and has upgraded the Industrials sector to Overweight.
#WallStreet #S&p500 #StockMarket #MikeWilson #MorganStanley
https://finance.yahoo.com/news/wall-streets-biggest-bear-flips-raises-sp-500-price-target-by-20-142228247.html
Yahoo Finance /
npub1j0e…3yhd
2024-05-20 16:59:06
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-05-20 16:59:06Event JSON
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"content": "Wall Street's biggest bear flips, raises S\u0026P 500 price target by 20%\n==========\n\nMorgan Stanley's Mike Wilson, known as Wall Street's biggest bear, has changed his tune and raised his S\u0026P 500 price target to 5,400, reflecting a 2% upside over the next 12 months. Wilson's new target is based on the expectation of rising earnings and falling valuations. He is the third macro strategist to boost their S\u0026P 500 target in the past week. Wilson also outlined a bull case of 6,350 and a bear case of 4,200, depending on the economic outlook. He recommends a barbell approach to investing and has upgraded the Industrials sector to Overweight.\n\n#WallStreet #S\u0026p500 #StockMarket #MikeWilson #MorganStanley\n\nhttps://finance.yahoo.com/news/wall-streets-biggest-bear-flips-raises-sp-500-price-target-by-20-142228247.html",
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