** Shares of papers manufacturer Magnera Corporation MAGN.N fall ~5.6% to $14.2
** Wells Fargo downgrades MAGN to "equal weight" from "overweight" rating, citing elevated tariff-related risk in the foreseeable future
** Brokerage expects MAGN's volumes to likely decline year-over-year, as low consumer sentiment is expected to drive reduced consumption
** Brokerage cuts PT to $16 from $22, which still represents a ~6.3% upside to the stock's last close
** Including session's moves, stock down ~21.6% YTD
(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com))
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