Goldman Sachs has lowered its target price for the S&P 500, citing the impact of the Trump administration’s ongoing tariff policy on stock market valuations. The move comes as Wall Street strategists grapple with the challenges posed by ever-changing trade policies.
In a surprise move, JPMorgan reiterated its year-end S&P 500 target but expressed caution about timing, while Citigroup maintained its target despite downgrading the US stock market to “neutral”. Goldman Sachs’ David Kostin-led team took a more drastic approach, reducing their forecast in response to the tariffs’ negative effects.
The reduction is relatively minor, but it highlights the uncertainty and volatility that has become a hallmark of the current market environment. As trade tensions continue to simmer, investors are left to navigate complex and shifting landscapes, making accurate predictions a challenging task for even the most seasoned analysts.
Source: https://www.marketwatch.com/story/goldman-sachs-flinches-and-lowers-its-s-p-500-target-the-mechanics-are-the-interesting-part-7586d58b