Market Overview

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

Share:
Related WFC
Big Bank Q3 Earnings Roundup
5 Biggest Price Target Changes For Monday
Here's How Rivals Goldman Sachs, Morgan Stanley Are Diverging (Investor's Business Daily)

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

DateFirmActionFromTo
Oct 2017UBSMaintainsNeutral
Oct 2017BMO CapitalMaintainsMarket Perform
Oct 2017CitigroupMaintainsBuy

View More Analyst Ratings for WFC
View the Latest Analyst Ratings

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

 

Related Articles (WFC)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...