Several Wall Street firms, including Goldman Sachs, UBS, and Barclays, have adjusted their S&P 500 targets amid growing concerns about stagflation and an increased risk of recession. Goldman Sachs cut its S&P 500 target again due to growth risks, reflecting a stagflationary environment. UBS joined other firms in lowering its annual S&P 500 target below 6500, citing tariff pressures and economic uncertainties. Barclays made the most significant reduction, attributing its decision to mounting tariff pressures. These adjustments highlight the increasing unease among financial analysts regarding the potential impact of economic policies on market performance.
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