Barclays Cuts S&P 500 Target to Second-Lowest Among Major Investment Banks

Barclays Cuts S&P 500 Target to Second-Lowest Among Major Investment Banks

The S&P 500 was struggling aft Barclays caput of U.S. equity strategy Venu Krishna became 1 of the astir bearish strategists among the large concern banks.

Krishna lowered his 2025 S&P 500 people terms to 5900 from 6600 connected Wednesday and chopped his net per stock estimation to $262. His caller estimation implies conscionable 2.5% upside from caller levels.

The caller people moves Krishna from the mediate of the battalion among strategists astatine large concern banks to the second-lowest. Stifel, with a 5500 target, is the astir bearish among the large concern banks, according to Bloomberg.