Magnera price target raised to $19 from $18 at Wells Fargo

Wells Fargo analyst Gabe Hajde raised the firm’s price target on Magnera (MAGN) to $19 from $18 and keeps an Overweight rating on the shares. The firm says Q1’s meet-and-reaffirm performance was highly welcomed after a volatile 2025, largely from exogenous events. With macro headwinds tamed, management has been able to stabilize the business and refocus on profitable growth and deleveraging, Wells adds.