Glonghui, March 20 | Citi published a research report stating that Wells Fargo's rating was downgraded from “buy” to “neutral,” and the target price was raised from 57 US dollars to 63 US dollars. The bank said the company has always been one of its top choices, but potential profit adjustments are largely reflected in valuations. The bank also raised Wells Fargo's 2024 earnings per share to $5.1, higher than market expectations of $4.79; it also raised Wells Fargo's earnings estimates for 2025 and 26 to $5.7 and $6.3, respectively.
花旗：下调富国银行评级至“中性” 目标价上调至63美元
Citibank: Downgraded Wells Fargo's rating to “neutral” and raised the target price to $63
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