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One of Wall Street’s most prominent bears has started running with the bulls.Morgan Stanley’s Mike Wilson says the S&P 500 could hit 6500 in the next 12 months, according to a note published Monday—roughly 10% above its current level of about 5900.

Goldman Sachs has forecast the S&P 500 index would reach 6,500 by the end of 2025, joining peer Morgan Stanley, on the back of continued growth in the U.S. economy and corporate earnings. The Wall Street brokerage's target implied an upside of 10.