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Wells Fargo cuts S&P 500 target, sees 5%-10% near-term downside

  • Wells Fargo cut its target for the S&P 500.
  • The bank sees 5%-10% downside near term.
  • The update also referenced the SPY ticker.

Wells Fargo has cut its S&P 500 target and sees 5%-10% downside for the benchmark in the near term. The source does not provide the revised target level or explain the reasons for the change.

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