Citigroup, UBS lift S&P 500 year-end targets echoing Wall Street peers
Citi bumped the benchmark index's target to 6,600 from 6,300 and UBS to 6,100 from 5,500, implying an upside of 3.2% and a downside of 4.7% respectively to the index's last close.
This marks Citigroup's second upward revision in just two months. UBS, however, had trimmed its target in April after President Donald Trump's 'Liberation Day' tariffs.
The moves follow similar upgrades from major brokerages including HSBC, Goldman Sachs and BofA Global Research.
Oppenheimer Asset Management sees the index climbing as high as 7,100, the highest on Wall Street. Jefferies is the only brokerage to set a target lower than 6,000 at 5,600.
UBS expects a short-term dip in the market, it said in a note on Monday, with the index correcting to 5,900 around late third quarter before recovering to 6,100 by the end of 2025 and 6,800 by the end of 2026.
Citi analysts said in a note late on Friday that the expected fundamental drag from U.S. tariffs has been mostly modeled at this point and that tax benefits from Trump's spending bill should improve corporate earnings.
The bill, signed into law on July 4, 2025, delivers sweeping corporate tax relief.
Since bottoming on April 8 after Trump's 'Liberation Day' tariffs, the benchmark index has rebounded 32.2%, reaching new highs in July as robust Big Tech earnings revived investor confidence in the AI-driven rally.
Citi said impressive earnings from the "Magnificent Seven" tech companies have anchored the rise of the index. The rest of the index is starting to strengthen more broadly, it said.
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Trump signs order extending China tariff truce by 90 days, White House says
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Liberty Silver Corp Announces $250 Million Private Placement to Establish WHITE Token Treasury Reserve and Launch Grey Matter Treasury
TORONTO, Canada, August 11, 2025 (EZ Newswire) -- Liberty Silver Corp., opens new tab ("Liberty" or the "Company") (CSE:LSL) today announced that it plans to adopt a treasury policy under which the principal holding in its treasury reserve will be WHITE tokens, the native digital asset of the White Network ecosystem developed by WhiteRock, opens new tab. Following the closing of the transaction, the Company intends to rebrand to Grey Matter Treasury Corporation. Transaction Overview The offering consists of an approximately $250 million private investment in public equity transaction ("PIPE") for the purchase and sale of common stock (and pre-funded warrants, if applicable) at a purchase price of $1.85 per share. The investors will be granted registration rights as part of the transaction. The PIPE transaction is expected to close on or around August 15, 2025, subject to the satisfaction of customary closing conditions. Upon closing, the Company intends to use the net proceeds from the offering primarily for the purchase of WHITE tokens to participate in the White Network's token launch, opens new tab, as well as general corporate purposes and transaction expenses. The Company's current management team and a majority of the Company's directors will remain in place. The PIPE transaction includes participation from over 45 institutional and crypto-native investors, including strategic participation from WhiteRock's ecosystem partners and leading digital asset investment firms focused on emerging blockchain infrastructure projects. "The White Network represents a significant advancement in blockchain infrastructure, and WHITE tokens provide exposure to what we believe will be a transformative ecosystem," said William "Bill" Tafuri, Project Manager of the Company, who brings over 40 years of mining and exploration experience with major international mining companies. 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Securities Law Disclaimer The offer and sale of the foregoing securities is being made in a private placement in reliance on an exemption from the registration requirement of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, and applicable state securities laws. Accordingly, the securities offered in the private placement may not be offered or sold in the United States except pursuant to an effective registration statement or an exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. Forward-Looking Statements This press release includes "forward-looking statements", including information about management's view of the Company's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the "Act"). Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue" and similar expressions are intended to identify such forward-looking statements. Media Contact Bruce Reidinfo@ ### SOURCE: Liberty Silver Corp Copyright 2025 EZ Newswire See release on EZ Newswire
