Brian Belski Is Sticking To His S&P 500 Target

brian belski oppenheimer strategistBrian Belski

Photo: Bloomberg

Stocks have had a good run after Fed Reserve chairman Ben Bernanke announced unlimited QE.But Brian Belski, chief investment strategist at BMO Capital markets thinks that “stocks have run too fast”.

Belski for instance is worried about the pace of job growth and GDP growth which is at “unacceptably low levels.”

But he thinks manufacturing looks robust. He also thinks quality of earnings have improved, but have gone unnoticed by investors that are just focused on EPS growth.

He is looking for a 2012 price target of 1,425, and an EPS target of $98.75.

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