Raymond James Maintains Strong Buy on Wells Fargo, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst David Long has reaffirmed a Strong Buy rating on Wells Fargo (NYSE:WFC) and increased the price target from $52 to $55.
December 06, 2023 | 2:16 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Wells Fargo's Strong Buy rating is maintained by Raymond James, with an increased price target from $52 to $55, indicating a positive outlook on the stock.
The reaffirmation of a Strong Buy rating and an increase in the price target by a reputable analyst like David Long from Raymond James typically signals a bullish outlook on the stock, suggesting that the analyst believes the stock has the potential to perform well in the market. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100