Wells Fargo lowers Magnera PT to $12, maintains Equal-Weight rating.

Wells Fargo lowers Magnera PT to $12, maintains Equal-Weight rating.

Wells Fargo & Company has recently revised its price target for Magnera Corporation (NYSE: MAGN) to $12 per share, while maintaining an Equal-Weight rating for the stock. This adjustment comes after a period of significant volatility for Magnera, which has seen its shares lose 55.38% of their value over the last 52 weeks, according to a Yahoo Finance report.

The financial services giant's decision to lower its price target reflects a cautious outlook on Magnera's prospects. Despite the company's manufacturing and distribution of non-woven and related products, Wells Fargo acknowledges the potential risks associated with the stock, including its relatively low popularity among hedge funds. As of the end of the second quarter, only 25 hedge funds held Magnera in their portfolios, down from 41 in the previous quarter, the Yahoo Finance report noted.

Kingdom Capital Advisors, a private investment firm, highlighted Magnera in its third-quarter 2025 investor letter, noting that while the stock offers potential, certain AI stocks may present greater upside potential with less downside risk, according to the Yahoo Finance report. This sentiment is echoed by Wells Fargo's decision to maintain an Equal-Weight rating, indicating a neutral stance on the stock's performance.

Magnera's recent performance has been characterized by a one-month return of -7.35% and a close on October 13, 2025, at $10.21 per share, with a market capitalization of $363.476 million, as reported by Yahoo Finance. Despite these challenges, Magnera's management continues to navigate a complex market landscape, influenced by factors such as Trump-era tariffs and the onshoring trend.

For investors, this update from Wells Fargo serves as a reminder of the importance of conducting thorough research and maintaining a diversified portfolio. As always, financial professionals recommend considering multiple perspectives and staying informed about market developments.