花旗发表报告,将标普500指数年底目标下调至5800点,该指数每股盈利为255美元。关税假设和近期宏观经济放缓的迹象,都是导致该行从先前270美元每股盈利预测下调的原因。由于政策的不确定性,该行认为有一些估值压缩是合理。
不过,花旗认为,相对于熊市的下行空间,牛市的上行空间较大,因此对今年余下时间的风险回报持建设性看法,尤其是在进一步回调时。
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