Seaport Global analyst James Mitchell maintained a Buy rating on Wells Fargo (WFC – Research Report) today and set a price target of $69.00. The company’s shares closed last Friday at $56.47.
According to TipRanks, Mitchell is a 3-star analyst with an average return of 6.9% and a 52.73% success rate. Mitchell covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, Citigroup, and State Street.
In addition to Seaport Global, Wells Fargo also received a Buy from Barclays’s Jason Goldberg in a report issued today. However, on the same day, J.P. Morgan maintained a Hold rating on Wells Fargo (NYSE: WFC).
The company has a one-year high of $58.44 and a one-year low of $35.55. Currently, Wells Fargo has an average volume of 18.71M.
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Wells Fargo (WFC) Company Description:
Founded in 1852, California-based Wells Fargo & Co. is a diversified financial services company, which is engaged in banking, insurance, investments, mortgage, and consumer and commercial finance. It operates through the following segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.
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