Wells Fargo price target raised to $52 from $48 at Citi

Citi analyst Keith Horowitz raised the firm’s price target on Wells Fargo to $52 from $48 and keeps a Buy rating on the shares. Wells Fargo remains the "best value" on the board, assuming management can deliver on its 15% longer term return aspirations, the analyst tells investors. Horowitz notes the stock is not priced for this and believes the path to getting there is easier with higher rates.