Wells Fargo Lowers S&P 500 Target While Adjusting Microsoft Stock Forecast

Wells Fargo has revised its year-end S&P 500 target down to 7,300, indicating a more cautious outlook on the market. The bank also modified its price target for Microsoft, first dropping it to $665 before raising it to $675, while maintaining an 'Overweight' rating. With significant exposure to private credit firms amounting to $36 billion, Wells Fargo is positioning itself for future investment banking opportunities.