Deutsche Bank cuts S&P 500 year-end target from Wall Street high
ReutersApr 24, 2025 12:20 PM
April 24 (Reuters) - Deutsche Bank, which had held the highest year-end target for the S&P 500 .SPX index so far, slashed it by 12% on Thursday, on mounting economic uncertainties fueled by the ongoing U.S. trade war.
The European brokerage cut its target to 6,150 from 7,000, while it also reduced the estimate for the index's earnings per share to $240 from $282.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Netflix’s Hidden Transformation Unfolds
TradingKey - Netflix’s (NFLX) first-quarter 2025 numbers constituted a turning point, not only for its stock, but for its developing persona as a global monetization and entertainment platform. Consensus opinions still see Netflix as a premium content subscription company...TradingKey
12 hours ago
Ahead of Berkshire’s Annual Meeting: How Did Buffett Make $20B in a Weak Market?
Tradingkey - As of April 29, Berkshire Hathaway (BRK.A) shares have surged 17.4% year-to-date, beating the broader market by a wide margin. Meanwhile, the S&P 500 has fallen 5.2%, while the Nasdaq Composite saw a maximum drawdown of 9.4%.TradingKey
Wed, Apr 30
Tesla's 2025 Q1 Earning Report Preview: A Critical Moment of Hope and Challenge
TradingKey - Tesla's 2025 Q1 financial report will be released on April 22. As a leader in the global electric vehicle industry, its performance has attracted much attention from the market.TradingKey
Tue, Apr 22
Bank of Japan Interest Rate Decision Preview: Pause on Rate Hikes Already Priced In, Minimal Market Movement Expected on the Day
On 19 March 2025, the Bank of Japan (BoJ) will announce its March interest rate decision. The market widely expects the central bank to maintain its policy rate unchanged at 0.5%. We align with this consensus forecast.TradingKey
Tue, Mar 18
US Stock Market’s 2025 Outlook: Navigating the Shifting Landscape
TradingKey - Anyone who has invested in US stocks in 2024 will be happy. The US stock market has delivered an absolutely blockbuster performance so far this year, with the S&P 500 Index soaring 26.9% year-to-date (as of December 16), reaching record highs.TradingKey
Mon, Dec 30
