Chief Equity Strategist, Wells Fargo
Appears in 1 story
Issued steeper S&P 500 target cut on March 31
The S&P 500 sat near record highs at the end of February. Five weeks later, after a U.S.-Israeli air campaign shut down the world's most important oil chokepoint, the index has shed roughly 4% and Wall Street's biggest banks are cutting their forecasts for the rest of 2026. UBS Global Wealth Management lowered its year-end target from 7,700 to 7,500 on April 7, following Wells Fargo's steeper cut from 7,800 to 7,300 a week earlier.
Updated 4 hours ago
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