business / news / / Reuters
The brokerage cut its year-end target to 7,500 from 7,700 and trimmed its mid-year target.
UBS lowered its S&P 500 year-end target to 7,500 from 7,700.
KEY POINTS
- 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
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