UBS Starts Wells Fargo (WFC) at Sell
Get Alerts WFC Hot Sheet
Rating Summary:
21 Buy, 20 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 9 | Down: 8 | New: 10
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UBS initiates coverage on Wells Fargo (NYSE: WFC) with a Sell rating and a price target of $45.00, saying shares are priced for perfection combined with risk to the outlook.
Analyst Brennan Hawken commented, "We see risks to WFC's revenue growth and credit performance, which coupled with a valuation on the high end of peers and consensus estimates that have not come down much, puts WFC shares at risk of underperformance in our view. While we recognize that WFC has a strong management team and excellent franchise, we believe these strengths are well understood and therefore likely to be largely priced in."
For an analyst ratings summary and ratings history on Wells Fargo click here. For more ratings news on Wells Fargo click here.
Shares of Wells Fargo closed at $49.76 yesterday.
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