Focusing on dividend stocks investing and financial independence. Follow the latest news, analysis, rating changes of popular dividend stocks.
April 15, 2016
Piper Jaffray Downgraded Wells Fargo (WFC)
Wells Fargo (NYSE:WFC) was downgraded by equities researchers at Piper Jaffray from a “neutral” rating to an “underweight” rating in a research note issued on Friday, The Fly reports.
Other equities analysts have also issued reports about the stock. Goldman Sachs upgraded shares of Wells Fargo from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Monday, January 11th. Credit Suisse raised their price objective on shares of Wells Fargo from $48.82 to $62.00 and gave the company an “outperform” rating in a research report on Tuesday, January 19th. Deutsche Bank restated a “buy” rating on shares of Wells Fargo in a research report on Tuesday, December 29th. Keefe, Bruyette & Woods cut their price objective on shares of Wells Fargo from $60.00 to $59.00 in a research report on Monday, March 21st. Finally, Zacks Investment Research lowered shares of Wells Fargo from a “hold” rating to a “sell” rating in a research report on Thursday, March 3rd. Five investment analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $55.28.
Source: American Banking and Market News