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Wells Fargo sees stock upgrade to "strong-buy," despite a drop in quarterly revenue.
Wells Fargo's stock rating was upgraded to "strong-buy" by Phillip Securities, though overall consensus remains at "Moderate Buy" with a target price of $75.34.
The bank reported EPS of $1.39, beating estimates by $0.16, but saw a 3.4% drop in quarterly revenue.
Institutional ownership stands at around 75.90%, and analysts forecast 5.89 EPS for the year.
The stock opened at $64.58 with a market cap of $210.87 billion.
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Wells Fargo ve una mejora de acciones a "compra fuerte", a pesar de una caída en los ingresos trimestrales.