Goldman’s Kostin Slashes S&P 500 Target Again on Growth Risk
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Wall Street forecasters are sounding the alarm on US equities just days before US President Donald Trump’s tariff deadline, with Goldman Sachs Group Inc.’s David Kostin cutting his S&P 500 target for a second time this month.
The strategist now expects the benchmark to end the year around 5,700 points versus his previous estimate of 6,200, citing a higher recession risk and tariff-related uncertainty. The new target implies gains of just 2% from Friday’s close, and is among the lowest on Wall Street, according to data compiled by Bloomberg.