Evercore ISI analyst John Pancari raised the firm’s price target on Wells Fargo (WFC) to $110 from $107 and keeps an Outperform rating on the shares. Regional banks lagged the universals in 2025 given less perceived de-regulation benefits, greater upside to capital markets at the universals, competitive positioning, and rate sensitivity, notes the analyst, who “cannot rule out incremental investor rotation into the regionals in 2026” given an improving fundamental picture, the analyst tells investors in a note on the regional bank and specialty finance group.
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