Morgan Stanley's Mike Wilson Shifts to Bullish Stance, Raises S&P 500 Target to 5,400

Once a prominent bear, Wilson now predicts modest gains for the S&P 500, citing improved earnings growth and economic outlook.

Wilson's new target marks a 20% increase from his previous forecast of 4,500.
The S&P 500 could reach 6,350 in Wilson's optimistic scenario, driven by stronger earnings growth.
Wilson recommends a barbell investment approach, mixing quality growth and cyclical stocks with defensive stocks.
Other strategists, including those from BMO and Deutsche Bank, have also raised their S&P 500 targets recently.
JPMorgan's Dubravko Lakos-Bujas remains one of the few prominent bears, predicting a 21% decline by year-end.