Citi raised the firm’s price target on Wells Fargo (WFC) to $90 from $85 and keeps a Neutral rating on the shares as part of a Q3 earnings preview. The firm views the bank’s net interest income estimates as low but sees limited potential upside. Citi continues to prefer other banks to Wells Fargo.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WFC:
- Cautious Hold Rating on Wells Fargo Amid Underperformance and Limited Growth Prospects
- Eli Lilly Stock (LLY) Receives Buy Rating from JPMorgan Chase
- Wells Fargo Bank lowers prime rate to 7.25% from 7.5%, effective September 18
- Goldman Sachs (GS) and Morgan Stanley Secure Victory in Appeal Tied to Archegos Collapse
- ‘Really Long Runway’: AbbVie Stock (ABBV) Jumps afer Settlement on Anti-Inflammatory Drug
