(Reuters) – Barclays raised its year-end price target for the S&P 500 index to 6,050 from 5,900 on Wednesday, citing easing trade uncertainty and expectations of normalized earnings growth in 2026.

This follows forecast increases by Goldman Sachs and UBS Global Wealth Management in May, and a similar move by RBC Capital Markets and Deutsche Bank this week.

The new target is an upside of about 1.32% to the index’s last close of 5,970.37 points.

In May, the S&P 500 logged its best monthly performance since November 2023, rising 6.2%, after U.S. President Donald Trump moderated his stance on tariffs, robust corporate earnings, and data showing inflation cooling which helped markets bounce back from April’s downturn.

The British brokerage also introduced its 2026 earnings per share forecas

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