金吾财讯 | 花旗最近期发布美股投资策略研究报告,将2025年标普500指数的年终目标从6500点下调至5800点,并将该指数的全年每股收益预期从270美元下调至255美元。
由于政策的不确定性,花旗认为估值有所压缩是合理的。花旗认为,宏观经济的恶化给标普500指数成分股公司的盈利前景带来了不利影响,小盘股可能继续面临压力。不过,美股在“解放日”后大幅下挫,表明市场已经消化了关税的大部分负面影响。
花旗认为当前的市场调整提供了长期布局优质公司的好机会,建议投资者在标普500指数接近4700点时加仓。
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