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Yardeni Cuts S&P 500 Target, Blames Monday Reversal On Machines

TedTed
in The Bullpen
FYI: One of Wall Street’s biggest bulls is toning down his enthusiasm amid the worst month of the bull market.

Ed Yardeni, the president and founder of Yardeni Research Inc., cut his year-end forecast for the S&P 500 Index to 2,900 from 3,100. Profit growth will slow more than expected and companies will earn $170 a share next year, not the $178.30 estimated by analysts, he said in a research note.
Regards,
Ted
https://www.fa-mag.com/news/yardeni-cuts-s-p-500-target--blames-monday-reversal-on-machines-41663.html?print
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