Market Overview

UPDATE: Morgan Stanley Downgrades Wells Fargo Company to Equal-Weight

Related WFC
Benzinga's M&A Chatter for Wednesday September 30, 2015
S&P 500 Index Futures Trading Lower In Volatile Session
The Vetr community has downgraded $WFC to 4-Stars (Vetr)

Morgan Stanley reduced its rating on Wells Fargo Company (NYSE: WFC) from Overweight to Equal-weight

Morgan Stanley noted, "Stock approaching fair value… currently trades at 1.1x 2014e P/B on 12% ROE. WFC also has less room to improve its expense ratio versus less efficient peers. We are below consensus on NIM, and expect further downside as securities portfolio re-prices."

Wells Fargo Company closed at $34.96 on Tuesday.

Latest Ratings for WFC

Sep 2015MacquarieMaintainsUnderperform
Sep 2015Evercore ISI GroupUpgradesHoldBuy
Sep 2015Deutsche BankUpgradesHoldBuy

View More Analyst Ratings for WFC
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Downgrades Intraday Update Analyst Ratings


Related Articles (WFC)

Get Benzinga's Newsletters