Wall Street Analysts Cut S&P 500 Ratings Faster Than They Raise Them for 2nd Time Since Iran War
Updated
Updated · Bloomberg · Jun 2
Wall Street Analysts Cut S&P 500 Ratings Faster Than They Raise Them for 2nd Time Since Iran War
3 articles · Updated · Bloomberg · Jun 2
Bloomberg Intelligence data show analysts are downgrading S&P 500 companies faster than upgrading them, even as US stocks keep setting records after a two-month rally.
That shift marks only the second such stretch since the Iran war began, signaling growing skepticism from a group that usually maintains a bullish bias on individual shares.
Across the broader Russell 3000, the share of companies carrying a buy rating is roughly back to where it stood 4 years ago, according to Jefferies.
Those buy recommendations also remain well below dot-com-era highs, suggesting Wall Street's caution is broadening despite the market's recent surge.