YARDENI SLASHES S&P 500 TARGET Wall Street bull Ed Yardeni cut his year-end S&P 500 target to 7,900 from 8,400, citing rising bond yields and increased downturn risks over the next 3—6 months. He lowered his expected forward P/E multiple to 18.6 from 19.8. Yardeni still sees 10,000 by 2030, but warns higher inflation and slower growth could pressure stocks near term.
YARDENI SLASHES S&P 500 TARGET Wall Street bull Ed Yardeni cut his year-end S&P 500 target to 7,900 from 8,400, citing rising bond yields and increased downturn risks over the next 3—6 months. He lowered his expected forward P/E multiple to 18.6 from 19.8. Yardeni still sees 10,000 by 2030, but warns higher inflation a