Stifel Nicolaus Upgrades Wells Fargo (WFC) to Hold
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Stifel Nicolaus upgrades Wells Fargo (NYSE: WFC) from Sell to Hold.
After falling more than 14% yesterday amid the saga going on between it, Citigroup (NYSE: C) and Wachovia (NYSE: WB), shares of Wells Fargo are indicated about 2% lower than Thursday's close. Yesterday after the bell rang, Citigroup released a statement saying that it has ended talks with Wells Fargo over the Wachovia deal, meaning that Wells Fargo will complete the deal with the embattled Wachovia, but will likely be forced to pay damages to Citi.
Wells Fargo & Company, through its subsidiaries, operates as a financial services company in the United States.
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