Check Out What Whales Are Doing With WFC
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Wells Fargo (NYSE:WFC), with 78% of detected trades showing bearish expectations. The targeted price range for Wells Fargo over the last 3 months is from $37.5 to $45.0. However, Morgan Stanley and Atlantic Equities have maintained their Overweight rating on Wells Fargo, with a price target of $52.
August 30, 2023 | 4:31 pm
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Bearish sentiment is prevalent among Wells Fargo's investors, with a targeted price range of $37.5-$45.0. However, Morgan Stanley and Atlantic Equities maintain an Overweight rating with a $52 price target.
The bearish sentiment detected in the options trades indicates a potential short-term decrease in Wells Fargo's stock price. However, the maintained Overweight rating from Morgan Stanley and Atlantic Equities suggests a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100