Raymond James analyst David Long on Monday raised Wells Fargo & Co.’s target price by $51 a share from $48 a share and reiterated a strong buy rating on the...
Raymond James analyst David Long on Monday raised Wells Fargo & Co.’s WFC target price by $51 a share from $48 a share and reiterated a strong buy rating on the megabank. “We remain bullish on WFC shares, as we see several positive catalysts on the horizon, including a lower-than-peer deposit beta, further expense rationalization, and the eventual removal of consent orders ,” Long said. Wells Fargo stock is up 0.4% in premarket trades.
’s WFC target price by $51 a share from $48 a share and reiterated a strong buy rating on the megabank. “We remain bullish on WFC shares, as we see several positive catalysts on the horizon, including a lower-than-peer deposit beta, further expense rationalization, and the eventual removal of consent orders ,” Long said. Wells Fargo stock is up 0.4% in premarket trades.
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