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Notable $MS bear turns bullish, WSJ reports see's

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madrose1 Member Level  Tuesday, 03/19/13 06:04:24 AM
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Notable $MS bear turns bullish, WSJ reports see's 1600 for the $SPX, $C price target raised to $53 from $46 @ $DB http://stks.co/p5uv

Morgan Stanley's (MS) Adam Parker, one of Wall Street's more notable bears, has joined the ranks of bullish stock-market strategists with a call that the rally in U.S. stocks has plenty of room to run, reports the Wall Street Journal. Parker unveiled a year-end target of 1600 for the Standard & Poor's 500-stock index, a 3.1% gain in the benchmark from yesterday's close of 1552.10, and a 12% advance for the S&P for the year.

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