Morgan Stanley Maintains Overweight on Wells Fargo, Lowers Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck maintains an Overweight rating on Wells Fargo (NYSE:WFC) but lowers the price target from $46 to $44.
June 26, 2023 | 1:55 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Overweight rating on Wells Fargo, but lowers the price target from $46 to $44.
Morgan Stanley's lowered price target on Wells Fargo may cause short-term uncertainty, but the Overweight rating indicates a positive outlook for the stock. The impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100