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The unusually large target cut is a meaningful bearish reassessment, although the new target still implies upside from the cited price.
What happened, with direct paths to the underlying reporting
Wells Fargo reduced its SFM target by 40%, a substantial downward reassessment. The new $60 target remains above the cited $48.55 share price.
Target: $60
Posted price: $48.55
Analyst firm: Wells Fargo
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