JPMorgan analysts raise target points for European stocks

```htmlGolden Ten Data reported on June 29 that amid European stock markets being hit hard by the Iran war, JPMorgan analyst Mislav Matejka predicts that this downturn is only temporary. Now, he is even more bullish, becoming the most optimistic bull among forecasting institutions tracked by Bloomberg. Matejka and his team have raised the year-end target for the Europe Stoxx 600 Index from 630 points to 680 points, suggesting the index still has about 7% upside from current levels. This new forecast surpasses the previous highest expectations of 670 points set by Barclays and HSBC Holdings earlier this month. In a report, these strategists wrote: “After three years of stagnation, earnings growth for eurozone companies is accelerating this year.” They forecast earnings per share will grow by 18% in 2026 and 12% in 2027. “If the market rally in the second half can broaden, European stocks could once again become a highly attractive investment target.”```