(Reuters) -UBS Global Wealth Management raised its year-end target for the S&P 500 index to 6,200 from its prior forecast of 6,000, banking on softening trade uncertainty.
“We think the recovery makes sense, considering that most largecap companies should weather the tariffs reasonably well,” UBS said in a note late Thursday.
(Reporting by Rashika Singh in Bengaluru; Editing by Shreya Biswas)