From Yahoo Finance: 2025-03-22 06:00:00

Three Wall Street strategy teams have cut their S&P 500 outlooks amid recent market drawdowns. Economic growth forecasts are falling due to uncertainty around President Trump’s policy plans. Strategists believe markets might not trade at extended valuations seen over the past two years, impacting the benchmark S&P 500’s potential rise.

Deutsche Bank chief strategist Bankim Chadha predicts the S&P 500 could hit 7,000 this year if a credible plan to resolve tariff uncertainty emerges. Stifel’s Barry Bannister maintains a bearish outlook with a year-end target of 5,500 due to slower economic growth and sticky inflation. RBC’s Calvasina emphasizes the S&P 500 target as a compass, not a GPS, pointing to a nuanced outlook for stocks in 2025.

Read more: Wall Street’s S&P 500 forecast range is widening: Chart of the Week