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