Wells Fargo lowered its price targets on several U.S. technology companies, with the biggest cuts hitting SanDisk and Intel. The bank reduced its target on SanDisk to $1,300 from $1,550, while Intel’s target was cut to $80 from $120. Amazon saw a smaller revision, with its target trimmed to $326 from $329. Wells Fargo also lowered its target on Alphabet, Google’s parent company, to $371 from $417. The revisions covered multiple large-cap tech names and reflected a broad adjustment rather than a move limited to a single stock.
Wells Fargo lowered its price targets on several U.S. technology companies.
The bank cut its target on SanDisk to $1,300 from $1,550. Amazon’s target was lowered to $326 from $329. Intel saw a larger reduction, with its target cut to $80 from $120. Wells Fargo also lowered its target on Alphabet, Google’s parent company, to $371 from $417.
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