Wells Fargo & Company Price Target Lowered by Morgan Stanley

2 min read | September 30, 2024 12:49 PM PDT | By Team Kalkine Media

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Wells Fargo's price target has been adjusted by Morgan Stanley, indicating potential growth opportunities for investors.

Several research reports have issued varied ratings and targets for Wells Fargo, reflecting differing views on the company's performance.

Market analysts continue to monitor the stock closely, with a mix of ratings suggesting ongoing interest in Wells Fargo's future.

Wells Fargo & Company (NYSE:WFC) had its price objective lowered by equities researchers at Morgan Stanley in a research note issued on Monday. The brokerage currently has an overweight rating on the financial services provider's stock. Morgan Stanley's price objective points to potential upside from the stock's previous close.

Wells Fargo has been the subject of various research reports. Deutsche Bank raised Wells Fargo from a hold rating and set a price target for the company in a recent report. Keefe, Bruyette & Woods adjusted their price target on Wells Fargo and set a market perform rating for the company in a research report. Evercore ISI revised their price objective on Wells Fargo and set an outperform rating in a recent analysis. Jefferies Financial Group lowered Wells Fargo to a hold rating and adjusted their price target in a research note.

The Goldman Sachs Group adjusted their price target on Wells Fargo and maintained a buy rating on the stock in their recent analysis. Twelve research analysts have rated the stock with a hold rating, and six have given a buy rating to the company's stock. Analysts continue to watch the stock closely, highlighting interest in Wells Fargo's future developments.

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