BMO’s Belski lifts S&P 500 target to 7,000, calls 2025 a ‘bull run’
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BMO Capital Markets' chief investment strategist Brian Belski has raised the year-end S&P 500 target to 7,000, citing a strong U.S. equity market and a long-term bull run. He maintains a 2025 EPS forecast of $275 and suggests that potential Federal Reserve rate cuts could boost cyclical sectors. BMO's models present a bull case of 7,300, a base case of 7,000, and a bear case of 6,000. The firm remains overweight in technology, financials, and consumer discretionary sectors while underweighting health care and consumer staples.
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