Bernstein Raises Wells Fargo (WFC) to Outperform
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An analyst at Sanford Bernstein has upgraded shares of Wells Fargo (NYSE: WFC) from Market Perform to Outperform, also raising his price target from $31 to $40.
Despite the upgrade, shares of Wells Fargo are trading lower in this morning's pre-market session. The stock most recently traded at $28.34, down 0.5% from Friday's close.
The firm's new price target represents potential price appreciation of more than 41% from current levels.
Click here to see all the analyst action on Wells Fargo shares.
Wells Fargo & Company, through its subsidiaries, provides retail, commercial, and corporate banking services principally in the United States.
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