Reported about 18 hours ago
Goldman Sachs has raised its three-month target for the S&P 500 to 5,900, reflecting optimism over reducing trade tensions between the US and China, despite ongoing economic uncertainties. They foresee a potential rise to 6,500 in the next 12 months, driven by improved expectations for Big Tech stocks, although caution remains due to concerns about profit margins and market pricing. UBS has also downgraded US stocks to neutral, indicating a more balanced risk-reward outlook for investors.
Source: YAHOO