Wells Fargo cuts S&P 500 year-end target to 7,700
Wells Fargo reduced its year-end S&P 500 target to 7,700 from 7,950, citing late-cycle growth concerns alongside political risk and pressure on technology stocks.
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Wells Fargo cuts S&P 500 target to 7,700, sees 5-10% downside first
Wells Fargo cut its year-end S&P 500 (SP500) AMEX:SPY AMEX:VOO AMEX:IVV target to 7,700 from 7,950, saying the index has limited upside from current levels and could fall 5%-10% first as the market enters the late innings of the earnings cycle.Analyst Ohsung Kwon said the team has turned more cauti…
Wells Fargo cuts S&P 500 year-end target to 7,700 from 7,950
Wells Fargo cuts S&P 500 year-end target to 7,700 from 7,950
Lululemon cuts 2026 full-year revenue outlook after second-quarter miss
Lululemon reported second-quarter revenue of $2.4 billion, down 4% year over year, and lowered full-year revenue guidance to $10.35 billion-$10.5 billion, citing softer sales trends and inconsistent product launch performance.