Investing

2016 Stock Market Outlook From 14 Top Wall Street Strategists

BMO Capital Markets
> S&P 500 target:
2,100

BMO expects a correction of some sort to arrive in 2016, which may lead to the first year of losses since 2008 (if 2015 doesn’t beat 2016 to the punch). This call was from the end of November, so it could be refreshed.

BMO also sees $130 in earnings per share for the whole S&P 500. Its strategist was more bullish than many before this 2016 call, but concerns were around the impact from higher interest rates, low or lower commodity prices and lower growth in China and Europe.

RBC Capital Markets
> S&P 500 target:
2,300

RBC’s target of 2,300 is more aggressive than most, but it comes with some caveats. This was from November, but a CNBC report from September showed that RBC was too bullish for 2015. At that time, the firm had cut its targets to 2,100 from 2,325 for 2015.

RBC gave four top tech stock picks for 2016 at the end of November.

And Others

A list of other targets from other firms without the color comes from Birinyi’s Ticker Sense. These five S&P 500 targets for 2016 have not been confirmed by 24/7 Wall St., but they were listed as follows:

  • Barclays: 2,200
  • Canaccord Genuity: 2,350
  • Deutsche Bank: 2,275
  • Nomura: 2,245
  • UBS: 2,275


Without weighting any firms heavier or lighter due to size or confirmations of targets, this left 14 firms on Wall Street with current price projections for the S&P 500 target is almost 2,218 for 2016. Again, that can and very well may change in the days and weeks ahead as strategists tweak their 2016 numbers.