YARDENI CUTS S&P 500 TARGET TO 7,900 AS MARKET RISKS RISE Yardeni Research lowered its year-end S&P 500 target to 7,900 from 8,400, warning that investor caution could push stock valuations lower. The firm remains bullish on earnings, forecasting $425 per share in 2027, and expects no recession through 2029. However, AI investment concerns, persistent inflation and Fed rate hike expectations continue to pressure stocks. Yardeni's message: Buying opportunities are increasing, but investors should remain cautious.(彭博社)