Morgan Stanley Maintains Overweight on Wells Fargo, Raises Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck has maintained an Overweight rating on Wells Fargo and raised the price target from $47 to $49.
July 18, 2023 | 2:40 pm
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POSITIVE IMPACT
Wells Fargo's price target has been raised from $47 to $49 by Morgan Stanley, which maintains an Overweight rating on the stock.
The raised price target and maintained Overweight rating by Morgan Stanley indicates a positive outlook for Wells Fargo. This could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100