Compass Point Maintains Neutral on Wells Fargo, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Compass Point analyst David Rochester maintains a Neutral rating on Wells Fargo (NYSE:WFC) and raises the price target from $57 to $60.
October 15, 2024 | 4:53 pm
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Compass Point analyst David Rochester maintains a Neutral rating on Wells Fargo but raises the price target from $57 to $60, indicating a slightly positive outlook.
The increase in the price target from $57 to $60 suggests a positive outlook for Wells Fargo's stock, although the Neutral rating indicates that the analyst does not expect significant outperformance. The price target increase may lead to a slight positive impact on the stock price in the short term.
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