Wells Fargo should be bought on any weakness, says RW Baird Baird would be buyers of Wells Fargo on any weakness following Q4 results. The firm sees improving loan growth, declining expenses, and additional reserve release. Shares are Outperform rated with a $50 price target.
News For WFC From The Last 14 Days
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Wells Fargo downgraded to Neutral from Overweight at JPMorgan JPMorgan downgraded Wells Fargo to Neutral citing the company's higher expenses in Q2 and the year-to-date outperformance of shares. The firm lowered its price target for the stock to $52 from $54.50.