Evercore ISI analyst John Pancari lowered the firm’s price target on Wells Fargo (WFC) to $105 from $110 and keeps an Outperform rating on the shares. Following the bank’s Q4 report, the firm’s 2026 and 2027 EPS estimates have been trimmed by 1% and 2%, respectively, to reflect a balance between lower net interest income, higher loan loss provisions, and fewer buybacks, against slightly reduced expenses.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WFC:
- Wells Fargo price target lowered to $100 from $104 at Truist
- Wells Fargo: Modest Upside Amid Improving Efficiency but Mixed Revenue Trends Support Hold Rating
- Wells Fargo Earnings Call Marks Clear Shift to Growth
- Morning News Wrap-Up: Wednesday’s Biggest Stock Market Stories!
- Wells Fargo sees Markets NII $2B in 2026