Barclays reduced its 2025 S&P 500 target from 6,600 to 5,900, citing concerns about U.S. tariffs potentially slowing economic activity. This new forecast, now the lowest in CNBC Pro’s Market Strategist Survey, suggests only a 0.3% upside from the year’s starting point. Strategist Venu Krishna emphasized the importance of considering tariffs’ impact for at least the next six months. Barclays upgraded the financial sector to positive, citing decent valuations, earnings momentum, and potential benefits from deregulation under the Trump administration. Simultaneously, the firm downgraded the industrials and discretionary sectors
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