Goldman Sachs’ chief U.S. equity strategist David Kostin was speaking in an interview on Tuesday.

He said it’s possible the S&P 500 overshoot his 12-month target of 4,500 ... “The upside potentially would be that rates fall a little bit”

  • arguing that lower rates have led to valuation expansions in the past
  • also watch for better-than-expected earnings, these could also trigger stocks past that target level
Bloomberg (may be gated)  with a brief piece outling some of Goldman Sachs' top ideas for next year,