Morgan Stanley Boosts Price Target, Estimates on Wells Fargo (WFC)

Morgan Stanley Boosts Price Target, Estimates on Wells Fargo (WFC)

RSS

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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today