Compass Point Downgrades Wells Fargo to Neutral, Maintains Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Compass Point analyst David Rochester downgraded Wells Fargo (WFC) from Buy to Neutral while maintaining the price target at $64.

April 09, 2024 | 10:55 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Wells Fargo was downgraded from Buy to Neutral by Compass Point analyst David Rochester, with the price target remaining at $64.
The downgrade to Neutral suggests a more cautious outlook on Wells Fargo by Compass Point, potentially due to perceived limitations in the stock's upside or emerging risks. However, maintaining the price target at $64 indicates that the analyst believes the stock is fairly valued at its current level. This mixed signal could lead to short-term uncertainty among investors, but the unchanged price target suggests stability in the stock's valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100