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
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