“Uncertainty about how markets respond to the first interest rate hike in nine years, commodity price weakness, and slow global growth are some of the things strategists have identified as potential headwinds for stocks and earnings. We’ve rounded up the calls from the top firms on Wall Street that we have so far.
We also included their original 2015 targets, so you can see where the strategists stood a year ago compared to where the market is now. Many of these were revised as the year unfolded.
2016 year-end target: 2,100
2016 EPS forecast: $120
2015 year-end target: 2,100
Comment: “We forecast the S&P 500 index will tread water for a second consecutive year in 2016,” wrote David Kostin. “Our year-end 2016 target of 2100 represents a 1% price gain from the current index level (2089), which itself is just 1% above the year-end 2014 level of 2059.”
Source: Goldman Sachs