Vetr Crowd Downgrades Wells Fargo

The Vetr community on Thursday downgraded Wells Fargo & Co WFC from 2 stars (Sell) to 1.5 stars (Strong Sell). Crowd confidence was Bearish, with 57.1 percent of the Vetr community giving the stock a Sell rating, 28.6 percent a Hold and only 14.3 percent a Buy.

See how crowdsourced ratings could help you time the market

This crowd downgrade came as share price in Wells Fargo dropped 0.4 percent to $62.86. The Vetr community and analysts alike remained bearish, with Vetr users setting a $55.47 target price and analysts setting target prices within the $50-$60 range.