Reported 27 days ago
Barclays has become the latest Wall Street bank to reduce its S&P 500 price target for 2025 from 6,600 to 5,900, citing tariff impacts and weakening economic indicators. Analyst Venu Krishna expressed concerns about the reduced earnings power of S&P 500 companies and the challenging environment for stocks due to deteriorating consumer sentiment and rising inflation. Meanwhile, Barclays maintained a positive outlook on Financials, anticipating potential deregulation. This adjustment follows similar moves by other financial institutions as fears of an impending recession grow.
Source: YAHOO