Deutsche Bank cuts its year-end S&P 500 target to 6,150

Deutsche Bank has lowered its year-end S&P 500 target to 6,150, down from a previous target of 7,000, citing growing concerns about the economic impact of US tariffs. The bank also lowered its earnings per share (EPS) estimate for 2025. The downgrade reflects worries about the impact of tariffs on foreign suppliers, the hit to US sales abroad, and slower foreign growth, according to analysts.