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Another Wall Street strategist is lowering her year-end target on the S&P 500 (^GSPC), citing economic growth concerns.
Following the S&P 500's recent 10% drawdown, RBC Capital Markets head of US equity strategy Lori Calvasina lowered her year-end target to the S&P 500 to 6,200 from 6,600. Calvsina's revised outlook on the S&P 500 comes after both Goldman Sachs and Yardeni Research lowered their targets last week.
"While we donât believe that a pullback beyond the 10% drawdown that has al...
>>> Read more: RBC lowers S&P 500 year-end target, citing economic growth concerns
Following the S&P 500's recent 10% drawdown, RBC Capital Markets head of US equity strategy Lori Calvasina lowered her year-end target to the S&P 500 to 6,200 from 6,600. Calvsina's revised outlook on the S&P 500 comes after both Goldman Sachs and Yardeni Research lowered their targets last week.
"While we donât believe that a pullback beyond the 10% drawdown that has al...
>>> Read more: RBC lowers S&P 500 year-end target, citing economic growth concerns
