JP Morgan Downgrades Wells Fargo To Neutral

Analysts at JP Morgan downgraded Wells Fargo & Company

from Overweight to Neutral. The target price for Wells Fargo has been lowered from $54.50 to $52. Wells Fargo shares have surged 18.78% over the past 52 weeks, while the S&P 500 index has gained 16.94% in the same period. Wells Fargo's shares dropped 0.02% to $51.48 in pre-market trading.