Morgan Stanley backs U.S. stocks, lifts 2026 S&P 500 target to 7,800

NEW YORK CITY, New York: Morgan Stanley is turning more optimistic on U.S. equities heading into 2026, boosting its year-end target for the S&P 500 as it predicts that American markets will outshine global peers in the next phase of the economic cycle.

In a set of global outlook notes published on November 17, the bank said it now expects the S&P 500 (.SPX) to reach 7,800 by the end of 2026. The forecast