Credit Suisse, Citi cut 2022 year-end target for S&P 500

Credit Suisse, Citi cut 2022 year-end target for S&P 500

Credit Suisse and Citigroup became the latest brokerages to bring down their 2022 year-end targets for the S&P 500 index, as U.S. equity markets bear the heat of aggressive central bank actions to tamp down inflation. Credit Suisse cut its target for the benchmark index by about 10% to 3,850 points on Monday, citing the … Read more