Morgan Stanley's Mike Wilson is sticking by his call for an earnings recession and isn't changing his price target for the S&P 500 — even though he sees the stock market hitting new highs in the next couple of weeks.
div > div.group > p:first-child"> Wilson is among the most bearish strategists on Wall Street. His base case year-end price target for the S&P 500 is 2,750, while his bull case is 3,000 and his bear case is 2,400. Deutsche Bank has a base-case 3,250 price target and Credit Suisse has a price target of 3,025.
Even if the broad index does break above 3,000, Wilson said he sees no reason to raise his bull case target. "The question is: What do we have to look forward to in the second half of the year? To me, that means you're going to chop around," he said
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