全球跨资产策略__核心预测-Global Cross-Asset Strategy_ Morgan Stanley Research_ Key Forecasts

M Morgan Stanley Research: Key Forecasts January 26, 2026 07:59 PM GMT Next 12-Months Outlook: Our High-Conviction Calls | | | | | | MS Top Down EPS YoY% | | | --- | --- | --- | --- | --- | --- | --- | | Index (Local Ccy) | 01/23/2026 | MS Dec 2026 Price Target Current P/E | | MS Dec 2026 P/E Target | 2025e | 2026e | | S&P 500 | 6,916 | 7,800 | 22.0x | 22.0x | 272 | 317 | | | | | | | +12% | +17% | | MSCI Europe | 2,417 | 2,600 | 15.5x | 17 | 137 | 143 | | | | | | | -1.6% | 3.8% | | Topix | 3,630 | 3,600 | 1 ...