Reported about 10 hours ago
Goldman Sachs chief US equity strategist David Kostin has lowered the year-end price target for the S&P 500, acknowledging market panic, yet retains a forecast indicating an 11% gain for the year. This downshift, seen in a positive light, reflects a more informed update amidst uncertainty, suggesting that despite a temporary market slump, significant corporate gains could still be realized by December.
Source: YAHOO