Wall Street bull lowers S&P 500 target, blames Trump tariffs, predicts potential economic slowdown

From Yahoo Finance: 2025-04-24 10:26:00

Wall Street bulls are becoming more bearish, with Deutsche Bank’s Bankim Chadha cutting his S&P 500 year-end target to 6,150 from 7,000. Chadha sees Trump’s tariffs impacting S&P 500 earnings and potentially leading to a slowdown in economic activity. If sustained, tariffs could significantly impact S&P 500 companies’ earnings. Chadha believes a rally in stocks could occur if Trump eases his trade policy stance. Chadha also notes that a decline in consumer sentiment data could impact the president’s approval rating. Eventually, Chadha believes a decline in Trump’s approval rating could lead to a change in his trade policy stance.



Read more at Yahoo Finance: Wall Street bull slashes outlook for S&P 500, citing Trump tariff impacts