Stock market targets get revised up weeks after getting cut 🤷🏻♂️
Tariff rhetoric whipsaw and major market reversal has Wall Street scrambling 😵💫
Two months ago, Goldman Sachs and Yardeni Research led Wall Street in slashing their year-end S&P 500 targets as the stock market tumbled.
In the following weeks, RBC, Societe Generale, Oppenheimer, BofA, JPMorgan, BMO, Citi, CFRA, and Deutsche Bank all revised their targets lower.
On Monday, Goldman and Yardeni revised their targets again — this time up — after the U.S. and China agreed to temporarily lower tariffs they imposed on each other as they negotiate a new trade deal.
