YARDENI CUTS S&P 500 TARGET TO 7,900 AS MARKET RISKS RISE

YARDENI RESEARCH LOWERED ITS YEAR-END S&P 500 TARGET TO 7,900 FROM 8,400, WARNING THAT INVESTOR CAUTION COULD PUSH STOCK VALUATIONS LOWER.

THE FIRM REMAINS BULLISH ON EARNINGS, FORECASTING $425 PER SHARE IN 2027, AND EXPECTS NO RECESSION THROUGH 2029.

HOWEVER, AI INVESTMENT CONCERNS, PERSISTENT INFLATION AND FED RATE HIKE EXPECTATIONS CONTINUE TO PRESSURE STOCKS.

YARDENI'S MESSAGE: BUYING OPPORTUNITIES ARE INCREASING, BUT INVESTORS SHOULD REMAIN CAUTIOUS. ...