Magnera price target raised to $18 from $16 at Wells Fargo

Wells Fargo analyst Gabe Hajde raised the firm’s price target on Magnera (MAGN) to $18 from $16 and keeps an Overweight rating on the shares. The firm says that while 2025 turned into a more challenging year than it originally expected, Wells is still waiting for a catalyst that will drive a rebound. K-shaped economy remains the firm’s top concern as low-end consumer health remains poor.