Brokerage Firm Rating Update on Wells Fargo & Company (WFC)

Wells Fargo & Company (WFC) : 23 analysts are covering Wells Fargo & Company (WFC) and their average rating on the stock is 2.17, which is read as a Buy. 10 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Wells Fargo & Company (WFC) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Wells Fargo & Company (WFC) : Average target price received by Wells Fargo & Company (WFC) is $54.59 with an expected standard deviation of $6.06. The most aggressive target on the stock is $64, whereas the most downbeat target is $45. 17 financial analysts are currently covering the stock.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Wells Fargo & Company (NYSE:WFC). Barclays has a Overweight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $61 per share from a prior target of $63. The rating by the firm was issued on July 18, 2016.

Wells Fargo & Company (NYSE:WFC): stock was range-bound between the intraday low of $49.65 and the intraday high of $50.03 after having opened at $49.79 on Wednesdays session. The stock finally closed in the red at $49.79, a loss of -0.44%. The stock remained in the red for the whole trading day. The total traded volume was 12,437,261 shares. The stock failed to cross $50.03 in Wednesdays trading. The stocks closing price on Thursday was $49.99.

Wells Fargo & Company is a financial services and bank holding company. The Companys segments are Community Banking, Wholesale Banking, and Wealth and Brokerage and Retirement. The Companys Community Banking segment offers a range of financial products and services for consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student and small business lending. The Community Banking segments products include investment, insurance and trust services, and mortgage and home equity loans. The Community Banking segments products and business segments include middle market commercial banking, government and institutional banking, corporate banking and commercial real estate, among others. The Companys Wholesale Banking segment provides a range of financial solutions to businesses across the United States and around the world. The Wealth and Brokerage and Retirement segment provides a range of financial advisory services.

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