From Yahoo Finance: 2025-03-28 12:10:00

UBS Global Wealth Management lowered its S&P 500 2025 target to below 6,500 due to U.S. tariffs impact, aligning with other Wall Street firms like Barclays and Goldman Sachs. The firm also reduced its 2025 EPS estimate to $265 from $270, anticipating more economic and profit weakness in the coming weeks.

President Trump’s tariffs have caused global market turmoil, with the S&P 500 falling over 4% this year, entering correction territory in March. UBS remains optimistic for a year-end U.S. equity rebound driven by policy clarity, economic growth, and AI investments, despite short-term market volatility.

UBS views information technology as the most promising sector for growth within the S&P 500. Other major firms like Barclays and Goldman also recently slashed their index targets due to tariff uncertainties. The current index target is still 12% higher than the latest close of 5,693.31.

Read more: UBS joins Wall Street firms in cutting S&P 500’s annual target to below 6500