Wall Street Is Slashing Stock Market Targets Over the Iran War. They've Been Wrong 5 of the Past 6 Years.

Wall Street Is Slashing Stock Market Targets Over the Iran War. They've Been Wrong 5 of the Past 6 Years.

Key PointsIn the wake of the Iran war, major Wall Street firms including JPMorgan Chase and Wells Fargo slashed their S&P 500 price targets -- but history suggests these forecasts often miss the mark.In five of the past six years, Wall Street significantly underestimated where the market finished, missing by as much as 28% to the upside.While the risks to the global economy are real, investors who stick it out usually come out ahead -- and in th…