Wells Fargo Cuts Price Targets on Deckers, Monro and Valvoline
Wells Fargo lowered price targets on Deckers Outdoor, Monro and Valvoline, according to Dow Jones Newswires. The changes were published on October 23, 2026.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Dow Jones Newswires reported that Wells Fargo cut its price target on Deckers Outdoor to $70 per share from $85. For Monro, the bank lowered its target to $15 from $16 and kept its Equal-Weight rating unchanged.
For Valvoline, Wells Fargo set a target of $40, down from $45. All three revisions were published on October 23, 2026.
why it matters
Adjustments like these reflect an analyst's view of individual companies' prospects and usually move the shares of those stocks rather than the broader market. For investors in footwear retail and car-care services, they signal more cautious expectations from one major bank.
tags
instruments
sources
- Deckers Outdoor Price Target Cut to $70.00/Share From $85.00 by Wells Fargo — Dow Jones Newswires, 23 October 2026 at 13:58 UTC
- Monro Price Target Cut to $15.00/Share From $16.00 by Wells Fargo — Dow Jones Newswires, 23 October 2026 at 14:07 UTC
- Valvoline Price Target Cut to $40.00/Share From $45.00 by Wells Fargo — Dow Jones Newswires, 23 October 2026 at 14:07 UTC
- RingCentral Price Target Raised to $85.00/Share From $65.00 by Wells Fargo — Dow Jones Newswires, 23 October 2026 at 15:15 UTC
- MaxLinear Price Target Cut to $70.00/Share From $78.00 by Wells Fargo — Dow Jones Newswires, 23 October 2026 at 15:17 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗