Wells Fargo Lowers Price Targets for Seven U.S. Companies
Wells Fargo cut price targets for Adobe, Arch Capital, Hartford Insurance, Chubb, Neptune Insurance, Brown & Brown and eBay.
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what happened
Dow Jones Newswires, citing ratings actions from Benzinga, reported that Wells Fargo lowered Adobe’s price target to $225.00 per share from $270.00 and downgraded the stock to Underweight from Overweight.
According to Newsmetry API, Wells Fargo also reduced its targets for Arch Capital to $107.00 from $117.00, Hartford Insurance to $158.00 from $164.00, Chubb Ltd to $343.00 from $356.00, Neptune Insurance to $34.00 from $37.00, Brown & Brown to $68.00 from $69.00 and eBay to $91.00 from $92.00 per share.
Wells Fargo maintained Hartford Insurance at Overweight, Chubb Ltd and Brown & Brown at Equal-Weight, and eBay at Underweight. The reports did not specify rating changes for Arch Capital or Neptune Insurance.
why it matters
The revised targets show updated Wells Fargo assessments across technology, insurance and consumer-related companies. Ratings were unchanged for most of the stocks covered in the reports, despite the lower price targets.
instruments
sources
- Adobe Price Target Cut to $225.00/Share From $270.00 by Wells Fargo — Dow Jones Newswires, 12 October 2026 at 14:06 UTC
- Arch Capital Price Target Cut to $107.00/Share From $117.00 by Wells Fargo — Newsmetry API, 12 October 2026 at 15:20 UTC
- Hartford Insurance Price Target Cut to $158.00/Share From $164.00 by Wells Fargo — Newsmetry API, 12 October 2026 at 15:24 UTC
- Chubb Ltd Price Target Cut to $343.00/Share From $356.00 by Wells Fargo — Newsmetry API, 12 October 2026 at 15:22 UTC
- Neptune Insurance Price Target Cut to $34.00/Share From $37.00 by Wells Fargo — Newsmetry API, 12 October 2026 at 15:39 UTC
- Brown & Brown Price Target Cut to $68.00/Share From $69.00 by Wells Fargo — Newsmetry API, 12 October 2026 at 15:36 UTC
- eBay Price Target Cut to $91.00/Share From $92.00 by Wells Fargo — Newsmetry API, 12 October 2026 at 15:52 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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