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wells fargo receives upgraded ratings and price targets from multiple analysts
Royal Bank of Canada upgraded Wells Fargo & Company to an "outperform" rating with an $80 price target, while UBS raised its target from $69 to $85, giving it a "buy" rating. Currently, the stock has a consensus rating of "Moderate Buy" with an average target of $74.39, supported by ten hold and eleven buy ratings from analysts. Recently, First National Bank of Hutchinson invested $423,000 in Wells Fargo, reflecting growing institutional interest in the company.
wells fargo receives upgraded ratings and target price increases from analysts
Royal Bank of Canada upgraded Wells Fargo & Company to an "outperform" rating with a target price of $80, while UBS raised its target from $69 to $85, giving it a "buy" rating. Currently, the stock has a "Moderate Buy" average rating and a consensus target price of $74.39, with significant institutional investment. Wells Fargo reported a quarterly EPS of $1.43, exceeding estimates, and announced a quarterly dividend of $0.40 per share, reflecting a 2.25% yield.
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