Wells Fargo (WFC) PT Raised to $55 at HSBC

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Go back to Wells Fargo (WFC) PT Raised to $55 at HSBC

JPMorgan (JPM) lifted to buy, Wells Fargo (WFC) now fairly valued, says Deutsche Bank

January 9, 2024 10:09 AM EST

Deutsche Bank lifted JPMorgan (NYSE: JPM) to Buy from Hold and cut Wells Fargo (NYSE: WFC) to Hold from Buy in its 2024 US bank outlook note on Tuesday.

Analyst Matt O'Connor raised the JPM price target to $190 from $140. He told investors that they see three key themes for 2024 for US banks: 1) lower interest rates--which are good... More