What big Wall Street banks say about where the S&P 500 will end 2022

The stock market has steadied at midyear, but after a historically ugly six months that saw the S&P 500 enter bear territory, big Wall Street banks offer diverging views on where equities are likely to end 2022.

Analysts at big banks have delivered a number of S&P 500 SPX target cuts, but there’s a wide variation between those who say the index has room to rise, and others who think the current bounce won’t last long in the face of what they see as a looming recession.

Analysts…