Trending: Wells Fargo Active After Goldman Sach Analyst Buy Rating
October 03 2022 - 3:21PM
Dow Jones News
14:51 ET -- Wells Fargo & Co. is among the most talked about
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. Wells Fargo stock is up about 3% to
$41.43 in Monday trading after Goldman Sachs analyst Richard
Ramsden upgraded the shares to Buy from Neutral with a target price
of $48 a share. "In a recessionary scenario, we see WFC as having
less credit risk downside than peers given below average loan
growth in recent years and less credit card skew," he wrote in a
note to clients. Dow Jones & Co. owns Factiva.
(jennifer.tershak@wsj.com)
(END) Dow Jones Newswires
October 03, 2022 15:06 ET (19:06 GMT)
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