New Delhi, March 28 -- UBS Global Wealth Management cut the S&P 500's 2025 target to below the 6,500 mark, widely mirroring actions from other Wall Street firms including Barclays and Goldman Sachs, due to the economic impact of US trade tariffs. The wealth management unit of European bank UBS, cut its year-end index target to 6,400 from 6,600 even as it holds an 'attractive' view on US equities.

UBS also lowered its 2025 earnings per share (EPS) estimate for the S&P 500 to $265 from $270. "It seems likely that the policy uncertainty shock will lead to further weakness in economic and corporate profit readings in the next several weeks. This could lead to continued volatility in US equity markets in the short term," UBS Global Wealth Man...