$160 billion Bank hikes S&P 500 target by 20%

One of the biggest bears on Wall Street, Mike Wilson from Morgan Stanley (NYSE: MS), has increased its 12-month target price for the S&P 500 by 20%, from 4,500 to 5,400. This shift follows Morgan Stanley’s abandonment of previous predictions for a market pullback. Notably, the Chief U.S. Equity Strategist at Morgan Stanley had been predicting significant downturns in the stock market for several years. He has consistently warned of potential crashes due to various economic factors, including the risks of a ...