Magnera shares surge 17.81% after-hours after Wells Fargo upgrades to Overweight with $16 price target.

Magnera surged 17.81% in after-hours trading following a Wells Fargo upgrade to Overweight with a $16 price target (from $12), citing credible EBITDA growth prospects and improved free cash flow. The firm highlighted management’s progress in stabilizing operations, despite weak margins and negative earnings, and noted the stock’s 41.4% rally over the prior week. Concurrently, Magnera announced participation in the 2025 Bank of America Leveraged Finance Conference, where CEO Curt Begle, CFO.