德意志银行将其对标普500指数的年底目标位从6550点上调至7000点,理由是企业盈利增长积极向好、目前关税影响可控以及投资者持仓结构具有支撑作用。“我们预计股票估值将维持在高位,”Binky Chadha等策略师在报告中写道。估值将受到以下因素支撑:更高的派息率、盈利增长趋势走强预期以及盈利表现更具韧性,重大回撤发生频率降低。德意志银行还将今年标普500指数的每股盈利预期从267美元上调至277美元,原因包括第二季度盈利好于预期,公司对关税上调影响发表的评论,宏观经济增长预期改善,以及美元走弱等因素。
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