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In a report published Wednesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Equal-Weight rating and $53.00 price target on
Wells Fargo & Co.WFC.
In the report, Morgan Stanley noted, “EPS up 1% in 2015 on better credit. We believe WFC is well positioned to reach the higher end of ROE and capital return targets by 2015 as credit improves, loan growth accelerates and cross sell drives higher fee growth. We expect 2015 ROA 1.4%, ROE 13.9% and net payout ratio 69%.”
Wells Fargo & Co. closed on Tuesday at $48.96.
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