Morgan Stanley lowered the firm’s price target on Wells Fargo (WFC) to $97 from $100 and keeps an Equal Weight rating on the shares. Following the Q1 report, the firm is increasing its 2026 EPS estimate by less than 1% and lowering its 2027 EPS forecast by 3%, mainly on lower net interest income, lower fees, and a higher share count.
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Read More on WFC:
- Wells Fargo Stock (WFC) Hit With Analyst Price Target Cuts Following Q1 Earnings
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- Wells Fargo price target lowered to $94 from $100 at Piper Sandler
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