Wells Fargo (WFC) volatility decreases after Q1 and Warren Buffett sells portion of stake

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Wells Fargo (WFC) PT Lowered to $64 at Instinet Following 1Q

April 17, 2017 8:11 AM EDT

Instinet lowered its price target on Wells Fargo (NYSE: WFC) to $64.00 (from $65.00) while maintaining a Buy rating following the company's 1Q report.

WFC reported 1Q17 EPS of $1.00. Excluding a discrete tax benefit of $0.04, core EPS came in at $0.96 vs. consensus of $0.96.

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