UBS downgrades U.S. stocks, pitting itself against the rest of Wall Street
2025-05-14 08:47:39
According to Golden Ten Data, UBS Wealth downgraded the US stock rating from "attractive" to "neutral", and investment director Mark Haefele believes that the stock market has rallied too fast in the past month. Despite the latest announcement of mutual tariff cuts between China and the United States, he warned that uncertainty remains high and the market may be volatile. Meanwhile, other Wall Street institutions are more optimistic, with Goldman Sachs raising its 2025 target price of the S & P 500 index to 6,100 points and Yardeni Research raising it to 6,500 points. The Federal Reserve is not expected to cut interest rates this year.
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