Charles River price target lowered to $275 from $280 at Wells Fargo

Wells Fargo lowered the firm’s price target on Charles River to $275 from $280 and keeps an Overweight rating on the shares. Charles River’s mid-term update came with a cut to growth and modest margin upside vs. the firm’s forecasts, and Wells tells investors in a research note that the larger-than-expected growth moderation leaves comfortable room for upside.