Morgan Stanley raised the firm’s price target on Wells Fargo (WFC) to $97 from $95 and keeps an Equal Weight rating on the shares. A 12% EPS beat was largely driven by lower provision and higher fees, notes the analyst, who also points out that Wells raised the medium-term ROTCE target to 17-18% from 15% and “left the door open for further improvement.”
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:
- Wells Fargo: Balancing Improved ROTCE and Asset Growth with Expense Challenges and Limited Near-Term Upside
- Wells Fargo’s Strategic Growth and Profitability Drive: Buy Rating Affirmed by Ebrahim Poonawala
- Wells Fargo price target raised to $94 from $87 at Barclays
- Wells Fargo’s Strong Q3 2025 Performance and Strategic Moves
- Wells Fargo’s Earnings Call Highlights Growth and Challenges