Morgan Stanley Maintains Overweight on Wells Fargo, Lowers Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck maintains an Overweight rating on Wells Fargo but lowers the price target from $68 to $67.
September 30, 2024 | 4:30 pm
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Morgan Stanley's analyst Betsy Graseck maintains an Overweight rating on Wells Fargo, indicating a positive outlook, but slightly lowers the price target from $68 to $67, suggesting a minor adjustment in expected valuation.
The Overweight rating suggests a positive outlook for Wells Fargo, but the slight reduction in the price target indicates a minor adjustment in expected valuation. This could lead to a neutral short-term impact as the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100