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Morgan Stanley: Four Reasons Why The S&P 500 Will Rally to 2,300

Adam Parker cranks up his view.

Morgan Stanley Chief U.S. Equity Strategist Adam Parker says the surprising rally in U.S. stocks to new all-time highs following the Brexit vote has more room to run.

Parker upped his 12-month price target on the S&P 500 index to 2,300 from 2,200.