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Wells Fargo Gets a Hold Rating from Jefferies


In a report issued on July 9, Ken Usdin from Jefferies reiterated a Hold rating on Wells Fargo (NYSE: WFC), with a price target of $60. The company’s shares closed yesterday at $55.36.

According to TipRanks.com, Usdin is a top 25 analyst with an average return of 25.4% and a 84.8% success rate. Usdin covers the Financial sector, focusing on stocks such as Bank Of Hawaii Corp, State Street Corp, and Bank of America.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wells Fargo with a $62.18 average price target, representing a 12.3% upside. In a report issued on July 2, Morgan Stanley also upgraded the stock to Hold with a $62 price target.

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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 18.82M.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.