BMO's Belski: Bullseye for 2012 S&P 500
Brian Belski, Chief Investment Strategist at BMO Capital Markets, forecasted an S&P 500 2012 year-end target of 1,425. With the index closing at 1,426, Belski was on the mark and one of the few strategists with an unrevised target from an initial forecast, BMO noted in a release.
For 2013, Belsi has an S&P 500 price target of 1,575 and an EPS year-end forecast of $106.25.
He says U.S. stocks are set to deliver another positive performance in 2013. While earnings growth will be below historical averages, it will be of higher quality and more consistent. "Domestic recovery will help offset volatility from other regions in the world," he added.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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