Morgan Stanley Maintains Overweight on Wells Fargo, Raises Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck has maintained an Overweight rating on Wells Fargo (NYSE:WFC) and increased the price target from $54 to $63.
January 30, 2024 | 11:37 am
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Morgan Stanley has reaffirmed its Overweight rating on Wells Fargo and raised the price target to $63, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Betsy Graseck from Morgan Stanley typically suggests a bullish outlook on the stock, which can lead to increased investor confidence and potentially drive the stock price up in the short term.
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