Raymond James Maintains Strong Buy on Wells Fargo, Raises Price Target to $58
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 $55 to $58, indicating a positive outlook on the bank's stock.
January 16, 2024 | 12:45 pm
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Wells Fargo's stock rating has been maintained at Strong Buy by Raymond James, with an increased price target from $55 to $58, suggesting confidence in the bank's future performance.
The reaffirmation of a Strong Buy rating and an increase in the price target typically signal analyst confidence in a company's prospects, which can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
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