Deutsche Bank Downgrades Wells Fargo to Hold, Announces $51 Price Target
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Matt O'Connor downgraded Wells Fargo (NYSE:WFC) from Buy to Hold and set a price target of $51.
January 09, 2024 | 12:25 pm
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Wells Fargo was downgraded by Deutsche Bank from Buy to Hold with a new price target of $51.
Downgrades by major banks can lead to a negative perception among investors, potentially causing short-term stock price declines. The new price target may also influence market expectations.
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