Wells Fargo cuts S&P 500 target to 7,700, sees 5-10% downside first

Wells Fargo’s Kwon Cuts US Stocks View as AI Worries Mount in Tech

Wells Fargo & Co.’s Ohsung Kwon cut his year-end target for the S&P 500 Index, saying a decade-long earnings growth cycle will eventually slow down while technology-sector risks are mounting.

Wells Fargo cuts S&P 500 target to 7,700, sees 5-10% downside first

Wells Fargo cuts its year-end S&P 500 target to 7,700, warns of 5%-10% pullback, and shifts to Health Care.

Wells Fargo Slashes S&P 500 Forecast to 7,700 Amid Late-Cycle Concerns

Wells Fargo reduces S&P 500 target to 7,700, downgrades tech sector, and upgrades healthcare as analysts warn of late-cycle valuation pressures ahead.

Wells Fargo Lowers S&P 500 Target to 7,700 and Downgrades Tech Stocks

TLDR Wells Fargo lowered its S&P 500 year-end target from 7,950 to 7,700, implying just 1% upside from current levels The bank says the market is in the late stage of its growth cycle, which typically leads to lower valuations Wells Fargo downgraded tech stocks to equal-weight, citing AI spending...

Wells Fargo just cuts its S&P 500 price target. Will others follow?

It what may be a first since the early days of the war between the U.S. and Iran, a Wall Street firm is lowering rather than raising its S&P 500 year-end target.