Wells Fargo (WFC) PT Lowered to $47 at Morgan Stanley

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Wells Fargo (WFC) a major beneficiary of the SIVB/SBNY fallout, claims Raymond James

April 6, 2023 8:42 AM EDT

Raymond James analyst David Long upgraded Wells Fargo (NYSE: WFC) to Strong Buy from Outperform in a note Thursday, claiming it will be a major beneficiary of the changing environment due to the SVB Financial Group (NASDAQ: SIVB) and Signature Bank (NASDAQ: SBNY) fallout.

"As highlighted in our... More