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JPMorgan’s Matejka Is Biggest Europe Stocks Bull With New Target

JPMorgan’s Matejka Is Biggest Europe Stocks Bull With New Target
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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.
JPMorgan (ORG) Matejka (PERSON) New Target JPMorgan’s (ORG) European (ORG) the Iran war (EVENT) JPMorgan Chase & Co.’s (ORG) Mislav Matejka (PERSON) Bloomberg (ORG) the Stoxx Europe (LOCATION) Barclays Plc (ORG) HSBC Holdings Plc (ORG)
Originally published by Bloomberg Markets Read original →