WINNING
Wall Street’s stock market strategists have begun unveiling their targets for 2018, and the consensus is bullish. Credit Suisse, Deutsche Bank, UBS, and BMO Capital are among firms telling their clients to prepare for double-digit gains in the S&P 500 (^GSPC).
The basic narrative: domestic and international economic growth will continue to boost earnings, while low interest rates will keep valuations high.
In a note to clients on Friday, BMO Capital’s Brian Belski said he saw the S&P climbing to 2,950 by the end of 2018 in his base case scenario. That’s 14% higher than where the S&P closed on Friday.
https://finance.yahoo.com/news/wall...ecasters-agree-2018-will-great-113450224.html
Wall Street’s stock market strategists have begun unveiling their targets for 2018, and the consensus is bullish. Credit Suisse, Deutsche Bank, UBS, and BMO Capital are among firms telling their clients to prepare for double-digit gains in the S&P 500 (^GSPC).
The basic narrative: domestic and international economic growth will continue to boost earnings, while low interest rates will keep valuations high.
In a note to clients on Friday, BMO Capital’s Brian Belski said he saw the S&P climbing to 2,950 by the end of 2018 in his base case scenario. That’s 14% higher than where the S&P closed on Friday.
https://finance.yahoo.com/news/wall...ecasters-agree-2018-will-great-113450224.html
