Morgan Stanley analysts raised the price target and earnings estimates on Wells Fargo & Co (WFC) on Monday, as the financial services giant is seeing lower net capital outflows.
The analysts maintain an “Equal Weight” rating on WFC and now see shares reaching $41, suggesting a 10% upside to Friday’s closing price of $37.21.
Wells Fargo shares were down 7 cents or -0.19%, during pre-market trading on Monday. The stock is up +8.86% year-to-date.
The Bottom Line
Shares of Wells Fargo (WFC) have a dividend yield of 3.22% based on Friday’s closing price of $37.21 and the company’s annualized dividend payout of $1.20 per share.
Wells Fargo & Co (WFC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here