Rafferty Capital Downgrades Wells Fargo To Hold, Shares Fall

Rafferty Capital downgraded Wells Fargo & Company WFC from Buy to Hold. The target price for Wells Fargo & Company is set to $57.85. Wells Fargo & Company shares have surged 14.90% over the past 52 weeks, while the S&P 500 index has gained 16.67% in the same period. Wells Fargo & Company's shares fell 0.35% to $51.10 in pre-market trading.