RBC Capital Sticks to Its Buy Rating for Wells Fargo (WFC)

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RBC Capital analyst Gerard Cassidy maintained a Buy rating on Wells Fargo (WFC) with a $100 price target, noting the stock closed at $80.48. Cassidy holds a 5-star TipRanks rating. Meanwhile, HSBC also issued a Buy rating for WFC, whereas Morgan Stanley assigned a Hold rating on the same day.

In a report released on September 29, Gerard Cassidy from RBC Capital maintained a Buy rating on Wells Fargo, with a price target of $100.00. The company’s shares closed yesterday at $80.48.

According to TipRanks, Cassidy is a 5-star analyst with an average return of 13.8% and a 66.86% success rate. Cassidy covers the Financial sector, focusing on stocks such as US Bancorp, Goldman Sachs Group, and Truist Financial.

In addition to RBC Capital, Wells Fargo also received a Buy from HSBC’s Saul Martinez in a report issued on September 28. However, on the same day, Morgan Stanley assigned a Hold rating to Wells Fargo (NYSE: WFC).

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