Morgan Stanley, Goldman See Resilient Economy Supporting Stocks
Wall Street strategists are growing optimistic about US stocks, with forecasters at Morgan Stanley and Goldman Sachs Group Inc. the latest to suggest resilient economic growth would limit any pullback over the summer.
Morgan Stanley strategist Michael Wilson, who ditched his long-standing bearish call in mid-2024, said a sharp improvement in Corporate America's earnings outlook bodes well for the S&P 500 Index into the year end. He reiterated his 12-month price target of 6,500 points, implying gains of about 8% from current levels.
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