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Wells Fargo gets "Underperform" rating despite strong earnings, with analysts targeting $90.
Wells Fargo (WFC) received an "Underperform" rating from Robert W. Baird, maintaining a $90.00 price target, despite strong Q3 2023 earnings showing $1.73 EPS and $21.44 billion in revenue, both exceeding expectations.
The stock, trading at $96.38 with a market cap of $302.54 billion, has a 52-week range of $58.42 to $97.76.
Analysts project $5.89 in full-year earnings, with a consensus "Moderate Buy" rating and an average price target of $93.17.
Institutional investors hold 75.9% of shares.
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Wells Fargo obtiene una calificación "de bajo rendimiento" a pesar de las fuertes ganancias, con analistas apuntando a $90.