Wells Fargo Reports $5.5 Billion in Quarterly Net Income

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Go back to Wells Fargo Reports $5.5 Billion in Quarterly Net Income

Piper Jaffray Downgrades Wells Fargo (WFC) to Underweight

April 15, 2016 6:33 AM EDT

Piper Jaffray downgraded Wells Fargo (NYSE: WFC) from Neutral to Underweight with a price target of $44.00 (from $47.00).

Analyst Kevin Barker commented, "We are downgrading WFC to Underweight from Neutral and reducing our price target to $44 from $47 following the 1Q16 earnings release. We estimate... More