Stocks Were So Volatile This Week Some Analysts Have Started Pulling Their S&p 500 Targets

OHANNES EISELE/AFP/Getty Images Wall Street analysts at Oppenheimer this week abandoned its S&P 500 target amid market volatility due to the coronavirus pandemic this week. "In such an environment the risk and the extent of damage will vary greatly within segments of the economy and sectors of the markets causing us to suspend our target at this time," John Stoltzfus, chief investment strategist of Oppenheimer Asset Management, wrote in a March 23 note Analysts at Canaccord Genuity and BMO also pulled S&P 500 targets, CNBC reported Saturday.

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