德银下调美国股指年底目标 警告关税潜在影响

Core Viewpoint - Deutsche Bank has lowered its year-end target for the S&P 500 index by 12% to 6150 points, indicating a recovery only to the losses since February's peak [1] Group 1: Market Outlook - Deutsche Bank's strategists predict a 5% decline in S&P 500 earnings this year, contrasting with the consensus expectation of an 8% growth [1] - The bank has been one of the most bullish institutions regarding the S&P 500 index [1] Group 2: Earnings Forecast - The earnings per share forecast for the S&P 500 in 2025 has been reduced from $282 to $240 due to significant potential impacts from tariffs, which are expected to disproportionately affect U.S. companies [1]