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巴克莱:升 2025 年标普 500 指数目标点位至 6050 点
Zhi Tong Cai Jing·2025-06-06 05:42

Group 1 - Barclays raised the 2025 S&P 500 index target from 5900 to 6050, anticipating a recovery in earnings per share (EPS) growth for fiscal year 2026 [1] - The peak of trade policy uncertainty may have passed, allowing for a slight expansion in valuations, although concerns about the U.S. fiscal outlook and high interest rates remain [1][2] - Barclays estimates potential adverse impacts on 2025 S&P 500 EPS under different tariff scenarios, utilizing industry-level trade and output data [1] Group 2 - For fiscal year 2026, Barclays projects an EPS of $285, with a target S&P 500 index level of 6700, expecting earnings growth to normalize post-2025 tariff impacts [3] - The bank maintains a positive outlook on the financial sector due to factors like a steepening yield curve and potential regulatory easing, as well as on healthcare and large tech sectors due to attractive valuations and strong growth prospects [4]