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flag Wells Fargo reported strong profits, facing investor stock reductions but maintaining a positive outlook.

flag Wells Fargo & Company reported a higher-than-expected profit of $1.43 per share, but faced stock reductions by significant investors like Tradewinds LLC and Tweedy Browne Co LLC during the fourth quarter. flag Despite these reductions, analysts predict a strong financial outlook with an anticipated 5.89 earnings per share for the current fiscal year. flag The company's stock is currently rated as a "Moderate Buy" with a target price of $74.97.

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