# The brokerage cut its year-end target to 7,500 from 7,700 and trimmed its mid-year target.

*business · news · 2026-04-07 · Reuters*

## Key points

- UBS lowered its S&P 500 year-end target to 7,500 from 7,700.
- UBS now expects Fed rate cuts in September and December, not June and September.
- UBS forecasts oil production will take longer to recover due to infrastructure damage.
- UBS maintains its 2026 S&P 500 earnings forecast at $310 per share despite recent events.

**Companies:** UBS
**Countries:** Iran, United States

[Read the full story on Reuters](https://www.reuters.com/business/ubs-lowers-2026-sp-500-target-middle-east-conflict-risks-2026-04-07/)

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