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S&P 500: Analysts Aggressively Slash Price Targets On 10 Stocks
Analysts are usually pretty bullish on most S&P 500 stocks. So now that they’re pulling back on some of them, it’s worth listening. X In just a month, Wall Street analysts cut their 12-month price targets by more than 10{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} on 10 S&P 500 stocks including Carnival (CCL), Micron Technology (MU) and Nike (NKE), says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith. That’s about as strong of a signal of caution as you’ll get from analysts. Why all the big cuts now, after the S&P 500 already dropped into a bear market? It’s all about fear that the upcoming second-quarter earnings reporting season…