Barclays analyst Jason Goldberg lowered the firm’s price target on Wells Fargo (WFC) to $87 from $92 and keeps an Overweight rating on the shares post the Q1 report. The bank’s operating earnings were modestly ahead though it was driven by lower than expected provision and expenses, the analyst tells investors in a research note.
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 $75 from $77 at Piper Sandler
- Wells Fargo: Hold Rating Amid Mixed Performance and Cautious Outlook
- Wells Fargo upgraded to Buy from Accumulate at Phillip Securities
- Wells Fargo price target lowered to $77 from $80 at Morgan Stanley
- Major Banks Report Strong Q1 Earnings, Yet Economic Uncertainty Looms