Amid the Iran war's hit to European stocks, JP Morgan analyst Mislav Matejka
raised his Stoxx Europe 600 year‑end target from 630 to 680, the most bullish
call among Bloomberg‑tracked forecasters. The new target implies roughly 7%
upside from current levels and exceeds Barclays and HSBC's earlier 670 target.
Matejka's team cites accelerating euro‑area corporate EPS after three years of
stagnation, forecasting EPS growth of 18% in 2026 and 12% in 2027. They say
that, if a H2 rally broadens, European equities could once again become an
attractive asset class.
