Wells Fargo price target lowered to $108 from $113 at Barclays

Barclays analyst Jason Goldberg lowered the firm’s price target on Wells Fargo (WFC) to $108 from $113 and keeps an Overweight rating on the shares post the Q1 report. The bank’s earnings excluding a tax benefit were light as net interest income fees and expenses were below expectations, the analyst tells investors in a research note. However, the firm says Wells’ asset quality was stable and its share buyback persisted.