<div id="readability-page-1"><p><span>Wells Fargo &amp; Company (NYSE:WFC)</span> had its price objective raised by equities research analysts at Truist Financial  from $86.00 to $88.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a &#34;buy&#34; rating on the financial services provider's stock. Truist Financial's price target would suggest a potential upside of 4.70% from the company's previous close.</p><div><p><span></span><span>Get <strong>Wells Fargo &amp; Company</strong> alerts:</span></p></div><ul><li>Ride the Luxury Retail Wave with These 3 High-End Brand Stocks</li></ul><p>Several other analysts have also weighed in on WFC. The Goldman Sachs Group lowered their price objective on shares of Wells Fargo &amp; Company from $92.00 to $91.00 and set a &#34;buy&#34; rating for the company in a research note on Wednesday, July 16th. Bank of America raised their price objective on Wells Fargo &amp; Company from $83.00 to $90.00 and gave the company a &#34;buy&#34; rating in a research note on Wednesday, June 4th. Dbs Bank raised Wells Fargo &amp; Company from a &#34;hold&#34; rating to a &#34;moderate buy&#34; rating in a research report on Thursday, July 17th. Evercore ISI  reaffirmed an &#34;outperform&#34; rating on shares of Wells Fargo &amp; Company in a report on Tuesday, July 8th. Finally, Raymond James Financial downgraded Wells Fargo &amp; Company from a &#34;strong-buy&#34; rating to a &#34;market perform&#34; rating in a research report on Monday, July 7th. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company  has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $82.97.</p><p><b>View Our Latest Report on WFC</b></p><h2>Wells Fargo &amp; Company Trading Down 0.4%</h2><ul><li>3 Dividend Stocks Raising Payouts—and Backing It Up With Results</li></ul><p>Shares of NYSE:WFC traded down $0.32 during mid-day trading on Wednesday, hitting $84.05. The company had a trading volume of 4,957,967 shares, compared to its average volume of 16,889,557. The firm has a fifty day moving average price of $80.58 and a 200 day moving average price of $75.56. The company has a market capitalization of $269.24 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.84 and a quick ratio of 0.83. Wells Fargo &amp; Company has a one year low of $53.31 and a one year high of $86.65. </p><p>Wells Fargo &amp; Company (NYSE:WFC - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.13. The company had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.83 billion. Wells Fargo &amp; Company had a net margin of 16.82% and a return on equity of 12.29%. Wells Fargo &amp; Company's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 EPS.  As a group, research analysts forecast that  Wells Fargo &amp; Company will post 5.89 EPS for the current year. </p><h2>Institutional Trading of Wells Fargo &amp; Company</h2><ul><li>Consider This Bank ETF Before The Fed Cuts Rate This Fall</li></ul><p>A number of institutional investors have recently bought and sold shares of WFC. WT Wealth Management boosted its stake in  Wells Fargo &amp; Company by 9.3% during the second quarter. WT Wealth Management now owns 3,582 shares of the financial services provider's stock worth $287,000 after acquiring an additional 306 shares in the last quarter.  NWF Advisory Services Inc. increased its stake in shares of  Wells Fargo &amp; Company by 1.4% in the second quarter. NWF Advisory Services Inc. now owns 40,125 shares of the financial services provider's stock worth $3,215,000 after buying an additional 550 shares during the period.  Centaurus Financial Inc. boosted its holdings in shares of  Wells Fargo &amp; Company by 63.5% during the 2nd quarter. Centaurus Financial Inc. now owns 60,607 shares of the financial services provider's stock valued at $4,856,000 after buying an additional 23,549 shares in the last quarter.  Orion Porfolio Solutions LLC raised its position in  Wells Fargo &amp; Company by 43.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 216,618 shares of the financial services provider's stock worth $17,355,000 after buying an additional 65,356 shares during the last quarter.  Finally, MASTERINVEST Kapitalanlage GmbH purchased a new stake in  Wells Fargo &amp; Company in the 2nd quarter worth approximately $1,359,000. Institutional investors own  75.90% of the company's stock. </p><h2>About Wells Fargo &amp; Company</h2> (Get Free Report)<p>Wells Fargo &amp; Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Wells Fargo &amp; Company</li><li>Insider Trading - What You Need to Know</li><li>Replace Your Fixed Income With This Dividend ETF</li><li>Stock Splits, Do They Really Impact Investors?</li><li>3 AI-Driven Tech Stocks That Look Oversold and Undervalued</li><li>How to Choose Top Rated Stocks</li><li>Qualcomm’s RSI Just Hit Its High of the Year—Why That’s Bullish</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdGQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdGQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Wells Fargo &amp; Company Right Now?</h2><p>Before you consider Wells Fargo &amp; Company, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wells Fargo &amp; Company wasn't on the list.</p><p>While Wells Fargo &amp; Company currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Truist Financial has raised its price target for Wells Fargo & Company (NYSE:WFC) from $86.00 to $88.00, maintaining a "buy" rating. This new target suggests a potential upside of 4.70% from the previous close. Other analysts have also provided mixed ratings, with Goldman Sachs lowering its target to $91.00 and Bank of America raising it to $90.00. Currently, Wells Fargo has an average rating of "Moderate Buy" with a consensus target price of $82.97. The stock traded down 0.4% to $84.05 during mid-day trading.</p>

Wells Fargo & Company (NYSE:WFC) Price Target Raised to $88.00 at Truist Financial