Business & Finance
JPMorgan’s Matejka Is Biggest Europe Stocks Bull With New Target
Key Points
JPMorgan’s Matejka Is Biggest Europe Stocks Bull With New Target As European stocks were hammered by the Iran war, JPMorgan Chase & Co.’s Mislav Matejka predicted the declines would be short-lived. The strategist is now doubling down, becoming the biggest bull among forecasters tracked by Bloomberg. Matejka and his team raised their year-end target for the Stoxx Europe 600 index to 680 from 630, implying gains of about 7% from current levels.
JPMorgan’s Matejka Is Biggest Europe Stocks Bull With New Target
As European stocks were hammered by the Iran war, JPMorgan Chase & Co.’s Mislav Matejka predicted the declines would be short-lived. The strategist is now doubling down, becoming the biggest bull among forecasters tracked by Bloomberg.
Matejka and his team raised their year-end target for the Stoxx Europe 600 index to 680 from 630, implying gains of about 7% from current levels. The new forecast topped the highest mark of 670 set by Barclays Plc and HSBC Holdings Plc in a Bloomberg strategy survey published earlier this month.