Wall Street Is Slashing Stock Market Targets Over the Iran War. They've Been Wrong 5 of the Past 6 Years.

Major Wall Street firms, including JPMorgan Chase and Wells Fargo, cut their S&P 500 price targets in the wake of the Iran war. The article argues these forecasts often miss the mark historically, suggesting the revisions may reflect near-term risk aversion more than a durable market signal.

Analysis

Major Wall Street firms, including JPMorgan Chase and Wells Fargo, cut their S&P 500 price targets in the wake of the Iran war. The article argues these forecasts often miss the mark historically, suggesting the revisions may reflect near-term risk aversion more than a durable market signal.