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StocksMediumUpdated•Originally published 13 April 2026•Updated 13 April 2026•

1 min read

Wells Fargo Trims S&P Global Price Target, Maintains Overweight Rating

Key Facts

1Wells Fargo downgraded Sherwin-Williams (SHW) from Overweight to Equalweight.

about 2 months ago

Version History

Version 1about 2 months ago

What changed: The story was completely updated to reflect Wells Fargo's new assessment of S&P Global (SPGI) instead of Sherwin-Williams, including the new price target and earnings results.

Wells Fargo has adjusted its outlook on S&P Global (SPGI), marginally lowering the price target from $530 to $525. Despite the reduction, the bank maintained its "Overweight" rating, signaling continued institutional confidence in the company's trajectory. This move follows S&P Global's recent quarterly earnings report, which posted an EPS of $4.30, slightly missing consensus estimates. The company currently commands a market capitalization of $128.1 billion, with a broader market consensus price target standing at $558.47. Investors are closely weighing the slight earnings miss against the firm's dominant position in financial intelligence and credit ratings. The maintained bullish rating suggests that the price target trim is a minor recalibration rather than a shift in fundamental sentiment.