Robert W. Baird Believes Wells Fargo (WFC) Still Has Room to Grow

In a report issued on February 3, David George from Robert W. Baird maintained a Buy rating on Wells Fargo (WFCResearch Report), with a price target of $60.00. The company’s shares closed last Monday at $57.33, close to its 52-week high of $58.87.

According to TipRanks.com, George is a 5-star analyst with an average return of 14.8% and a 75.7% success rate. George covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Capital One Financial, and Huntington Bancshares.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wells Fargo with a $61.62 average price target, which is a 9.2% upside from current levels. In a report issued on February 1, Atlantic Equities also upgraded the stock to Buy with a $60.00 price target.

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The company has a one-year high of $58.87 and a one-year low of $30.77. Currently, Wells Fargo has an average volume of 27.31M.

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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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