Morgan Stanley analyst Betsy Graseck maintained a Hold rating on Wells Fargo (NYSE: WFC) today and set a price target of $61. The company’s shares closed on Friday at $55.36.
According to TipRanks.com, Graseck is a 4-star analyst with an average return of 8.5% and a 58.2% success rate. Graseck covers the Financial sector, focusing on stocks such as JP Morgan Chase, BNY Mellon, and BB&T Corp.
Wells Fargo has an analyst consensus of Moderate Buy, with a price target consensus of $61.67, implying an 11.4% upside from current levels. In a report released yesterday, Oppenheimer also assigned a Hold rating to the stock.
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The company has a one-year high of $66.31 and a one-year low of $49.27. Currently, Wells Fargo has an average volume of 18.75M.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.
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