Wells Fargo & Co. (NYSE:WFC) was downgraded by research analysts at JPMorgan Chase & Co. to a “neutral” rating in a research report issued on Wednesday.
Other equities analysts also recently issued research reports about the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of Wells Fargo & Co. in a research report on Sunday, June 26th. Barclays PLC reaffirmed a “buy” rating on shares of Wells Fargo & Co. in a research report on Saturday, July 9th. Nomura reaffirmed a “buy” rating on shares of Wells Fargo & Co. in a research report on Saturday, July 9th. Morgan Stanley raised Wells Fargo & Co. from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $56.00 to $53.00 in a research report on Tuesday. Finally, Zacks Investment Research downgraded Wells Fargo & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday. Seven investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $52.26.
Source: American Banking and Market News