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Raymond James and Truist Financial lower Wells Fargo's price targets but maintain buy ratings.
Raymond James and Truist Financial have reduced their price targets for Wells Fargo & Company, to $78.00 and $73.00 respectively, while maintaining a "strong-buy" and "buy" rating.
Despite a 3.4% year-over-year decline in revenue, Wells Fargo reported better-than-expected Q1 earnings of $1.39 per share, surpassing the consensus estimate of $1.23.
The stock price increased by 1.6% on Monday.
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Raymond James y Truist Financial bajan los objetivos de precios de Wells Fargo, pero mantienen las calificaciones de compra.