Wall Street analysts are increasingly optimistic about the US stock market, with experts from Morgan Stanley and Goldman Sachs Group Inc. pointing to sustained economic growth as a key factor in supporting equities. Michael Wilson, a strategist at Morgan Stanley, recently abandoned his previous bearish stance, citing a notable improvement in corporate earnings forecasts. He emphasized that this positive trend is likely to benefit the S&P 500 Index through the end of the year. Wilson maintained his 12-month price target for the index at 6,500 points, suggesting an approximate 8% increase from current levels. This outlook reflects confidence in the economy’s ability to withstand potential challenges in the near term.
— new from Bloomberg
