Keefe Bruyette raised the firm’s price target on Wells Fargo (WFC) to $92 from $85 and keeps a Market Perform rating on the shares. Wells Fargo stole the show on the first day of bank earnings, unveiling a 17%-18% medium-term ROTCE target, the analyst tells investors in a research note.
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Read More on WFC:
- Wells Fargo price target raised to $97 from $95 at Morgan Stanley
- Wells Fargo: Balancing Improved ROTCE and Asset Growth with Expense Challenges and Limited Near-Term Upside
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- Wells Fargo price target raised to $94 from $87 at Barclays
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