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A nearly 10% fall in the S&P 500 (^GSPC) has prompted Wall Street strategists to revaluate their bullish views headed into 2025.
And late Tuesday night, Goldman Sachs chief US equity strategist David Kostin became the first big name on the Street to lower their year-end price target for the S&P 500 following this drop, with Kostin cutting his year-end target to 6,200 from 6,500.
"We lower our 2025 year-end S&P 500 index target to 6200 (from 6500) to reflect a 4% reduction in our modeled fair-v...
>>> Read more: Goldman Sachs cuts S&P 500 year-end target to 6,200 as economic outlook weighs on profit forecasts
And late Tuesday night, Goldman Sachs chief US equity strategist David Kostin became the first big name on the Street to lower their year-end price target for the S&P 500 following this drop, with Kostin cutting his year-end target to 6,200 from 6,500.
"We lower our 2025 year-end S&P 500 index target to 6200 (from 6500) to reflect a 4% reduction in our modeled fair-v...
>>> Read more: Goldman Sachs cuts S&P 500 year-end target to 6,200 as economic outlook weighs on profit forecasts
