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Here's what Wall Street is predicting for the stock market in 2016
Goldman Sachs
![Here's what Wall Street is predicting for the stock market in 2016](/_next/image?url=https%3A%2F%2Fstaticbiassets.in%2Fthumb%2Fmsid-49961079%2Cwidth-700%2Cheight-525%2Cimgsize-166672%2Fgoldman-sachs.jpg&w=3840&q=75)
Bank of America Merrill Lynch
![Bank of America Merrill Lynch](https://staticbiassets.in/thumb/msid-49961080,width-700,height-525,imgsize-184987/bank-of-america-merrill-lynch.jpg)
2016 year-end target: 2,200
2016 EPS forecast: $120
2015 year-end target: 2,200
Comment: "We expect modest gains for US large cap stocks in 2016: the likelihood of a recession in the next 12 months is low in our view, but valuations have normalized from previously low levels and narrowing returns are to be expected," wrote Savita Subramanian.
Source: Bank of America Merrill Lynch
UBS
![UBS](https://staticbiassets.in/thumb/msid-49961082,width-700,height-525,imgsize-140518/ubs.jpg)
2016 year-end target: 2,275
2016 EPS forecast: $126
2015 year-end target: 2,225
Comment: "Barring an unforeseen external shock or a recession, if earnings continue to improve, 2016 should be a positive year for US equities," Julian Emanuel wrote. "Regardless, we continue to expect further volatility – which in essence means higher risk, both upside and downside."
Source: UBS
Credit Suisse
![Credit Suisse](https://staticbiassets.in/thumb/msid-49961083,width-700,height-525,imgsize-43/credit-suisse.jpg)
2016 mid-year target: 2,200
2016 forecast: 6.8% growth
2015 year-end target: 2,225
Comment: "We think that we are at the later stages of the equity bull market and see increasing headwinds for equities related to valuations, an uncertain macro environment, bottom-up disruptions, weak earnings momentum, and falling market breadth," Andrew Garthwaite wrote.
Source: Credit Suisse
Barclays
![Barclays](https://staticbiassets.in/thumb/msid-49961084,width-700,height-525,imgsize-224422/barclays.jpg)
2016 year-end target: 2,200
2016 EPS forecast: 4% growth
2015 year-end target: 2,100
Comment: "Our macro narrative is simple, if obvious," Jonathan Glionna said. "We believe U.S. interest rates will go up leading to a stronger U.S. dollar. This should cause earnings per share growth and returns to remain subdued. We forecast 4% EPS growth and a 5% gain for the S&P 500."
Source: Barclays
RBC Capital Markets
![RBC Capital Markets](https://staticbiassets.in/thumb/msid-49961085,width-700,height-525,imgsize-71179/rbc-capital-markets.jpg)
2016 year-end target: 2,300
2016 EPS forecast: $128
2015 year-end target: 2,325
Comment: "2015 was marked by falling oil prices, a diminishing global growth outlook, and flat rates," Jonathan Golub wrote. "Our constructive 2016 outlook is predicated upon stabilizing commodity prices, and an incrementally higher dollar and rates. All of this should result in a substantially higher earnings trajectory as well as a modest re-rating of stocks."
Source: RBC Capital Markets
BMO Capital Markets
![BMO Capital Markets](https://staticbiassets.in/thumb/msid-49961086,width-700,height-525,imgsize-140207/bmo-capital-markets.jpg)
2016 year-end target: 2,100
2016 EPS forecast: $130
2015 year-end target: 2,250
Comment: "We believe the S&P 500 will likely suffer its first calendar year loss since 2008," wrote Brian Belski. "However, we continue to believe the longer-term outlook for US stocks remains bright, and we remain confident with our call that US stocks are in the midst of a secular bull market."
Source: BMO Capital Markets
Deutsche Bank
![Deutsche Bank](https://staticbiassets.in/thumb/msid-49961088,width-700,height-525,imgsize-43/deutsche-bank.jpg)
2016 year-end target: 2,250-2,300
2016 EPS forecast: $125
2015 year-end target: 2,150
Comment: "We reduce 2016E S&P EPS from $128 to $125," wrote David Bianco. "We're unsure of the tone of language appropriate to describe this reduction. Slashing or even cutting is too harsh as our new estimate is merely 2.5% lower. This trimming shouldn't surprise investors given recent commodity and currency markets."
Source: Deutsche Bank
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