Stock Price Cuts
Major Banks Lower Price Targets for Liberty, Rollins, and MSCI Shares
Anonymous
Wells Fargo maintained an Equal-Weight rating on Liberty Media’s FWONK shares but cut its price target from $105 to $96; the stock was reported at $94.86. Morgan Stanley, Wells Fargo and BNP Paribas listed price targets of $45, $27 and $35, respectively, for Rollins, maintaining Overweight, Underweight and Neutral ratings. Wells Fargo maintained an Overweight rating on MSCI while cutting its price target to $685. Separately, Wells Fargo Investment Institute lowered its 2027 year-end gold price forecast to $5,200–$5,400 per ounce from $5,400–$5,600, while still expecting prices to rise, citing expected further Federal Reserve rate increases and a stronger U.S. dollar.
Key Points
1
Gold had recently benefited from continued central-bank purchases and renewed retail-investor interest, and had held up amid geopolitical flare-ups, inflation concerns and economic uncertainty.
2
The article explains that rising rates make gold less attractive because it pays neither interest nor dividends, while cash and Treasuries can offer returns without commodity risk.
3
A stronger dollar can dampen gold demand outside the United States by making the metal more expensive in local currencies; the article names India, China and Turkey as markets where buyers may feel the squeeze.
Sentiment
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Publishers
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Articles
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Reach
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