Wells Fargo has established an ambitious price target of $900 for Costco and initiated an 'Overweight' rating for Arcellx with a $100 target, showcasing strategic confidence amidst a volatile market. Conversely, the bank downgraded Eastman Chemical Company to 'Equal Weight' while keeping its price target at $70, reflecting concerns over market conditions. Additionally, Wells Fargo reduced the Lennar Corporation's share price target to $110 from $125, citing a sluggish recovery in China and weakness in U.S. housing markets as major challenges. Despite these adjustments, Wells Fargo's stock has surged 34.5%, underscoring its robust operational strength.
“Wells Fargo · set · $900 price target · on Costco”
“Wells Fargo · initiated · Cummins · Overweight rating and a $599 target”
“Wells Fargo · initiated coverage of · Arcellx (ACLX) · Overweight rating and $100 price target”
“Wells Fargo · downgraded · Eastman Chemical Company · to Equal Weight from Overweight”
“Wells Fargo · kept its price target unchanged at · Eastman Chemical Company · $70”
“Wells Fargo · initiated coverage of · Arcellx · overweight rating”
“Wells Fargo · set a price target of · $100 · ~53% upside based on Monday's close”
“Wells Fargo · lowered · Lennar Corporation (NYSE:LEN) share price target · to $110 from $125”
“Wells Fargo · kept · an Equal Weight rating on the shares”
“Wells Fargo · explained · the homebuilder's forward guidance · was worrisome”
“Wells Fargo · expects · Lennar Corporation (NYSE:LEN) to post $6 for its fiscal year 2026 earnings”
“Wells Fargo · cited · ongoing drags on demand · slow recovery in China and weak housing markets in the U.S. and Europe”
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