BofA becomes latest brokerage to cut S&P 500's annual target to below 6,000
ReutersApr 7, 2025 12:03 PM
April 7 (Reuters) - BofA Global Research on Monday cut its year-end target for the S&P 500 index below the 6,000 mark, mirroring actions from other global research firms including UBS and RBC Capital Markets on risks from a deepening global trade war.
The brokerage reduced the benchmark index's .SPX target to 5,600 from 6,666, making it one of the lowest among Wall Street firms.
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