Fly News Breaks for March 10, 2015
ETFC
Mar 10, 2015 | 07:18 EDT
After Bloomberg quoted analysts as saying that an acquisition of E-Trade is more likely now that the company's home loan portfolio has shrunk, Wells Fargo believes that the company could be worth $40-$45 per share in a takeover deal, roughly 50% above its current price. Wells raised its price target on the shares to $31-$34 from $27-$30 and reiterates an Outperform rating.
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