Latest news with #DavidLefkowitz
Yahoo
23-05-2025
- Business
- Yahoo
S&P 500 Forecast Raised as UBS Eyes 10% Gain by Mid-2026
May 23 - UBS has raised its year-end S&P 500 target to 6,000 from 5,800, reflecting a roughly 3% upside from current levels. The firm also introduced a mid-2026 forecast of 6,400, which implies about 10% upside supported by stronger-than-expected Q1 earnings and improved GDP growth projections for late 2025. The move comes despite a recent downgrade in U.S. equities from "Attractive" to "Neutral" by Chief Investment Officer David Lefkowitz on May 12. The adjustment followed a sharp rally after tariff-related tensions eased. While neutral on equities near term, UBS said the broader uptrend in stocks remains intact. Lefkowitz noted that ongoing trade negotiations and residual tariffs could weigh modestly on economic activity, but he does not expect a major drag on equities. The S&P 500 now trades above 21 times forward earnings, surpassing its five-year median. EPS forecasts for the S&P 500 have also been revised higher. Analysts lifted the 2025 estimate to $260 from $250, and 2026 to $280 from $275. The firm attributes the upward revisions to resilient earnings and strong AI-related investment trends from firms like Meta (META) and Microsoft (MSFT). This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
23-05-2025
- Business
- Zawya
UBS raises S&P year end target, eyes more gains in 2026
UBS Global Wealth Management on Thursday raised its year-end target for the S&P 500 to 6,000 from 5,800 and initiated a June 2026 target of 6,400. The research group also raised its 2025 expectation for S&P 500 earnings per share to $260 from $250 and forecast 2026 EPS of $280, up from its previous estimate of $275. David Lefkowitz, head of U.S. equities, cited a better than expected first quarter earnings season and slightly higher expectations for GDP growth in the second half of the year for the changes. (Reporting By Sinéad Carew; Editing by Chris Reese)
Business Times
22-05-2025
- Business
- Business Times
UBS raises S&P 500 year-end target, eyes more gains in 2026
UBS Global Wealth Management on Thursday raised its year-end target for the S&P 500 to 6,000 from 5,800 and initiated a June 2026 target of 6,400. The research group also raised its 2025 expectation for S&P 500 earnings per share to US$260 from US$250 and forecast 2026 EPS of US$280, up from its previous estimate of US$275. David Lefkowitz, head of US equities, cited a better than expected first quarter earnings season and slightly higher expectations for GDP growth in the second half of the year for the changes. REUTERS
Reuters
22-05-2025
- Business
- Reuters
UBS raises S&P year end target, eyes more gains in 2026
May 22 (Reuters) - UBS Global Wealth Management on Thursday raised its year-end target for the S&P 500 (.SPX), opens new tab to 6,000 from 5,800 and initiated a June 2026 target of 6,400. The research group also raised its 2025 expectation for S&P 500 earnings per share to $260 from $250 and forecast 2026 EPS of $280, up from its previous estimate of $275. David Lefkowitz, head of U.S. equities, cited a better than expected first quarter earnings season and slightly higher expectations for GDP growth in the second half of the year for the changes.
Yahoo
22-05-2025
- Business
- Yahoo
UBS raises S&P year end target, eyes more gains in 2026
(Reuters) - UBS Global Wealth Management on Thursday raised its year-end target for the S&P 500 to 6,000 from 5,800 and initiated a June 2026 target of 6,400. The research group also raised its 2025 expectation for S&P 500 earnings per share to $260 from $250 and forecast 2026 EPS of $280, up from its previous estimate of $275. David Lefkowitz, head of U.S. equities, cited a better than expected first quarter earnings season and slightly higher expectations for GDP growth in the second half of the year for the changes. (Reporting By Sinéad Carew; Editing by Chris Reese) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
