Vetr Top Raters Upgrade Wells Fargo, 94% Bullish

Shares of Wells Fargo & Co WFC lost 16.92 percent over the first six weeks of 2016. However, they have recuperated since that moment, having returned 6.25 percent between February 11 and March 8. Following this recoup, top Raters at the Vetr Community upgraded shares of the company from from 4.0 Stars to 4.5 Stars -- out of a possible 5.0 Star rating.

Related link: Here's How Crowdsourced Ratings Can Beat The Market

It should be noted that 94 percent of the crowd’s ratings are bullish, and that the crowd has established a consensus price target of $55.84, which implies an upside of roughly 13.1 percent from current stock prices. Analysts have also fixed an average price target ($55.69) that implies double-digit upside.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.