CNBC Pro

Bank of America cuts S&P 500 target as 'specter of a recession looms'

A woman is reflected in a puddle as she passes a Bank of America branch in New York's Times Square.
Brendan McDermid | Reuters

As the economy braces for slowing growth and an eventual recession threatens to materialize, Bank of America is changing its outlook on the S&P 500.

More In Street Calls

CNBC ProGoldman expects weak Tesla results, recommends these EV plays
CNBC ProHere are Wednesday's biggest analyst calls: Tesla, Goldman Sachs, Penn, Amazon, McDonald's & more
CNBC ProSell Upstart as rising rates weaken borrowing demand, Morgan Stanley says