Deutsche bank becomes latest bank to hike s&p 500 target as tariff fears fade
Deutsche bank becomes latest bank to hike s&p 500 target as tariff fears fade"
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Deutsche Bank lifted its S&P 500 target on Monday, joining a growing cohort of Wall Street banks that have raised their expectations for the U.S. stock market as fears regarding the
economic blowback from President Trump's tariffs have faded. Now that President Trump has walked back or delayed many of the levies he had announced on "liberation day,"
equity strategists at Deutsche Bank anticipate a much smaller hit to corporate earnings, said Binky Chadha, Deutsche Bank's chief strategist, in a report shared with MarketWatch on
Tuesday. The bank's new target has the S&P 500 finishing 2025 at 6,550, what would be a more than 10% boost compared with Monday's closing level. "Relative to mid-April,
we estimate the direct and indirect drags from tariffs on earnings have shrunk significantly, from at least in the mid-teens, to at most in the mid-single digits," Chadha said. The bank
has also raised its earnings-per-share forecast for the index, from $240 to $267.
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